Jagan Mohan Reddy Nellore 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.
RAIN · price
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Promoter Jagan Mohan Reddy Nellore has submitted a nil encumbrance declaration to NSE and BSE for the period ending March 31, 2026. Along with persons acting in concert (PAC), he confirms that no pledges or encumbrances have been created on their equity shareholding in Rain Industries Limited. This is a routine regulatory filing under SEBI Takeover Regulations, confirming the status of promoter stake security. The scrip codes referenced are 500339 (BSE) and RAIN (NSE).
A nil encumbrance declaration is a positive signal for investors as it indicates promoter shares are free of pledge-related risks, reducing potential downward pressure on stock from forced selling.