Powerscreen Media Private Limited 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.
Awaiting price reaction for this filing.
Powerscreen Media Private Limited, part of the promoter group of Indiabulls Enterprises, has filed a yearly declaration under SEBI Takeover Regulations confirming it did not create any encumbrance (pledge or charge) on the company's shares during FY2024-25. As on March 31, 2025, the promoter group's aggregate holding stood at 7,30,18,726 equity shares, representing 36.32% of the total paid-up voting share capital, and this entire stake is free of any encumbrance. The declaration has also been shared with the Audit Committee of Indiabulls Enterprises as required under the regulations.
This is a routine compliance filing and neutral for the stock. The confirmation that the promoter group's 36.32% stake is fully unencumbered (no pledges) is a mild positive signal, reducing concerns over any forced selling pressure from the promoter side. No change in promoter shareholding has been disclosed.