Sajja Kishore Babu has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
POWERMECH · price
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Awaiting price reaction for this filing.
Mr. Sajja Kishore Babu, on behalf of all promoters, promoter group, and persons acting in concert, has filed a declaration under Regulation 31(4) of the SEBI Takeover Regulations with the stock exchanges. The promoters collectively hold 1,84,26,868 shares (approximately 1.84 crore shares) of Power Mech Projects Limited as of March 31, 2025. The key declaration is that the promoters have not created any encumbrance (pledge, lien, or any other charge) on their shares, either directly or indirectly. This is a routine annual compliance filing required by SEBI to confirm promoter holdings remain unencumbered.
This is a neutral to mildly positive signal for shareholders, as it confirms that promoter shares are free of any pledges or encumbrances, reducing the risk of forced selling or margin calls. The promoter group continues to hold a majority stake in the company, indicating stable ownership.