Nettle Constructions 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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Nettle Constructions Private Limited, part of the promoter group of RattanIndia Enterprises, submitted its annual disclosure under Regulation 31(4) of SEBI's Takeover Regulations for FY ending March 31, 2025. The entity declared that it and persons acting in concert did not create any new encumbrance (pledge/lien) on shares of the company during the year, other than those held through the depository. The filing notes that Laurel Energetics Private Limited, another person acting in concert within the promoter group, has 13,17,82,866 equity shares (face value Rs. 2 each) encumbered as on March 31, 2025. No other promoter group entity has encumbered any shares. This is a routine annual compliance disclosure required from promoters.
No new pledging activity has been reported by the promoter group during the year, which is a neutral-to-positive sign for shareholders concerned about promoter pledge risks. However, investors should note the existing large encumbrance of over 13.17 crore shares held by Laurel Energetics and monitor any future changes in pledge status, as any invocation could pressure the stock.