Power finance Corporation Ltd 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.
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Power Finance Corporation Ltd (PFC), a promoter of PTC India Limited, has submitted a yearly compliance declaration to the stock exchanges. Under Regulation 31(4) of SEBI's Takeover Regulations, PFC has confirmed that neither it nor any person acting in concert with it has created any encumbrance (such as pledge, lien, or mortgage) on the shares of PTC India Limited during the financial year 2024-25. The declaration is signed by PFC's Company Secretary, Manish Kumar Agarwal, dated April 7, 2025. This is a routine annual compliance filing required from major shareholders and promoters of listed companies.
This is a neutral-to-positive routine compliance disclosure. It reassures investors that PFC, a key promoter, has not pledged or encumbered its PTC India holdings, indicating no liquidity stress on the promoter. Unlikely to materially impact the stock price.