Premier Energies 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.
PREMIERENE · price
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Awaiting price reaction for this filing.
Premier Energies has submitted an annual disclosure to the stock exchanges on behalf of its Promoter and Promoter Group for FY ended 31st March 2025. Promoter Chiranjeev Singh Saluja has declared that no member of the Promoter and Promoter Group, including persons acting in concert, has created any encumbrance (pledge, lien, or charge) on shares of the company during the financial year. This is a mandatory yearly confirmation required under SEBI's takeover regulations. The disclosure has been signed by the Company Secretary and the authorised signatory of the Promoter Group.
This is a routine compliance filing with no change in promoter shareholding or any new pledging of shares. It is mildly reassuring for retail investors as it confirms promoters have not pledged any additional shares as collateral during the year, and is unlikely to have any material impact on the stock price.