Punjab & Sind Bank 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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Awaiting price reaction for this filing.
Punjab & Sind Bank has filed a regulatory disclosure with the stock exchanges stating that its promoter, the President of India, along with persons acting in concert, have not created any encumbrance (pledge or similar charge) on the bank's shares during the financial year. This is a routine annual compliance filing under SEBI takeover regulations, confirming that the government holding in the bank remains free of any pledges or encumbrances. The declaration was signed by the Company Secretary on April 7, 2025.
This is a routine nil declaration with no material impact on shareholders or the stock price — it simply confirms that the government's stake in the bank remains unencumbered.