A Nithya 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.
RPPINFRA · price
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A Nithya, on behalf of the promoters of RPP Infra Projects, has filed the annual declaration required under SEBI Takeover Regulations for the financial year ended 31 March 2025. The promoters' total shareholding stands at 1,94,27,583 shares, of which 52,00,000 shares (26.77% of promoter holding) are currently pledged. The note mentions that during the year, 10,00,000 shares were newly pledged with Karur Vysya Bank while a pledge on 8,10,000 shares was released, indicating some movement in encumbered shares. The promoters declare they have not created any undisclosed encumbrance directly or indirectly on the company's shares during the year.
The pledged shares remain at a manageable 26.77% of promoter holding — well below the 50% mark — so there's no immediate governance red flag. Shareholders may view the net addition of about 1.9 lakh pledged shares (after release of 8.1 lakh) as routine financing activity rather than a distress signal.