Laurel Energetics Private 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.
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Awaiting price reaction for this filing.
Laurel Energetics Private Limited, the promoter of RattanIndia Enterprises, has filed its annual disclosure under SEBI's Takeover Regulations for FY2024-25. The company confirmed that neither it nor any person acting in concert has created any new encumbrance (pledge/lien) on the company's shares during the year, other than existing encumbrances held through depository. The total encumbered shares as of March 31, 2025 stand at approximately 13.18 crore equity shares with a face value of Rs. 2 each. No other person acting in concert has encumbered any shares of the company.
This is a routine annual compliance filing indicating no fresh pledging of shares by the promoter during the year, which is broadly neutral to mildly positive for shareholders as it suggests no additional financial stress on the promoter entity.