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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Mr. Sajja Kishore Babu, on behalf of all promoters and persons acting in concert (PAC), has submitted a disclosure confirming that the promoter group holds 1,84,69,568 shares representing 58.96% of Power Mech Projects Limited as of March 31, 2026. The disclosure explicitly states that there are no encumbrances (pledges) on the shares held by promoters, either directly or indirectly. This is a routine compliance filing under SEBI Takeover Regulations requiring promoters to periodically confirm their shareholding status.
Promoters retain a majority stake of 58.96% with no pledged shares, indicating strong promoter commitment and no immediate risk of share sale pressure from debt obligations. This is a stable shareholding structure from a shareholder perspective.