Saipem S.P.A 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.
Saipem S.p.A, along with persons acting in concert, has filed a declaration under SEBI Regulation 31(4) confirming that no encumbrance (pledge, lien, or similar charge) was created on shares of Nagarjuna Fertilizers and Chemicals Limited during the financial year ending March 31, 2025. This is an annual compliance disclosure required from shareholders who hold more than a specified threshold. Saipem, an Italian oilfield services company, is part of the promoter/promoter-group holdings in NFCL. The disclosure was submitted to BSE and NSE with a copy to NFCL's Audit Committee.
This is a routine compliance filing and is broadly reassuring for shareholders — it confirms that no promoter-group shares were pledged or encumbered during FY25, indicating no funding stress or collateral pressure on Saipem's NFCL holdings. No immediate impact on stock price is expected.