Ravi Sanghi 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.
Awaiting price reaction for this filing.
Ravi Sanghi, promoter of Sanghi Industries Limited, has filed a declaration under Regulation 31(4) of the SEBI Takeover Regulations, 2011. The promoter and persons acting in concert (PACs), collectively holding 4,35,98,938 equity shares (16.92%) in the company, confirm that no new encumbrances (pledges or similar charges) have been created on their shares during FY 2024-25, other than those already disclosed earlier. The filing also includes a detailed Annexure A listing all promoter group entities and individuals along with their individual shareholdings, totalling 16.92% of the company. This is a routine annual compliance filing required from promoters.
This is a neutral, routine compliance filing. It reassures shareholders that the promoter group has not silently pledged additional shares as collateral, which is mildly positive for confidence. However, the promoter holding remains relatively modest at 16.92%, indicating limited promoter control over the company.