Mahendrakumar Rameshwarlal Kabra 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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Ram Ratna Wires Limited's promoter group, led by Mahendrakumar Rameshwarlal Kabra, has submitted a declaration under SEBI Regulation 31(4) confirming that no encumbrance (pledge) was created over their equity shares during FY 2025-26 (April 1, 2025 to March 31, 2026). The filing includes 49 entities/persons in the promoter group, comprising family members like Rameshwarlal Kabra, Tribhuvanprasad Kabra, and Shreegopal Kabra, along with group companies and LLPs such as RRKabel Limited, MEW Electricals Limited, and Ram Ratna Infrastructure Pvt Ltd. Some listed entities do not hold direct shares but are part of the promoter group as per SEBI regulations.
Positive development for retail investors as no pledged shares reduces the risk of forced selling pressure from promoter-level debt. This demonstrates promoter financial stability and commitment to the company without leveraging shareholding.