Pricol Limited has informed the Exchange regarding 'Declaration under Regulation 31(4) and (5) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011'.
PRICOLLTD · price
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Awaiting price reaction for this filing.
Pricol Limited has submitted to NSE and BSE the annual declarations from all its promoters and promoter group entities under Regulation 31(4) and (5) of the SEBI Takeover Regulations. Individual promoters (Vijay Mohan, Vanitha Mohan, Vikram Mohan, Viren Mohan, Madhura Mohan, Manasa Mohan) and promoter group companies (Shrimay Enterprises, Sagittarius Investments, Pricol Holdings, Pricol Engineering Industries, Pricol Logistics) have each declared that they did not create any new encumbrance (pledge, lien, or similar charge) on their Pricol shares during FY 2024-25, beyond what was already disclosed earlier. The filing is a routine annual compliance submission consolidating these declarations for the exchanges and the audit committee.
This is a neutral, routine compliance filing with no material change — it confirms promoters have not freshly pledged or encumbered their shares during the year, which is generally reassuring for shareholders as it reduces concerns over forced selling risk from pledged holdings.