Radiant Cash Management Services 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.
RADIANTCMS · price
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Awaiting price reaction for this filing.
Col. David Devasahayam, Chairman of Radiant Group, has filed the annual Regulation 31(4) disclosure on behalf of the Promoter and Promoter Group for the financial year ended 31 March 2025. The promoter group together holds 6,07,35,775 equity shares, representing 56.92% of voting capital, and has confirmed that no encumbrance (pledge or similar charge) was created on these shares during the year. The lead promoter Col. David Devasahayam holds 5,22,35,575 shares (48.95%), while Dr. Renuka David holds 85,00,000 shares (7.97%); the remaining two promoter group members hold negligible stakes.
This is a routine annual compliance filing and is neutral for the stock. The disclosure confirms promoter holdings are unencumbered, which is a positive sign of stability, though the lead promoter Col. David Devasahayam holding just below 50% (48.95%) is worth noting as it leaves him with limited headroom before certain takeover-related thresholds become relevant.