Rajiv Rattan 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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Rajiv Rattan, promoter of RattanIndia Power, has filed a declaration under SEBI Regulation 31(4) confirming that he and persons acting in concert did not create any new encumbrance (pledge/charge) on the company's shares during the financial year ended March 31, 2025. The existing encumbered shares held by PAC entities — RR Infralands Pvt Ltd and RattanIndia Enterprises Limited — stand at 2,09,75,98,310 equity shares (face value Rs. 10 each) as on March 31, 2025. This is a routine annual compliance filing required from promoters regarding their pledged holdings. No new pledging, release, or invocation of shares is reported during the year.
No material change in pledge position during FY25 — status quo maintained. The disclosure highlights that a very large block of promoter-group shares (over 209 crore shares) remains encumbered, which remains a key risk factor for retail investors to monitor.