�High Energy Batteries (India) 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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High Energy Batteries (India) Limited, a promoter of Seshasayee Paper and Boards, has filed an annual declaration under SEBI's Takeover Regulations confirming that no encumbrance (such as pledge or lien) was created on the shares it holds in the company during the financial year ended March 31, 2025. The promoter holds 106,645 equity shares in Seshasayee Paper and Boards. This is a routine annual compliance filing required from promoters, and the declaration is a 'negative' one — meaning no new pledging or encumbrance activity took place.
This is a neutral-to-slightly positive disclosure for shareholders. It removes any uncertainty around hidden pledging of promoter shares during the year and signals that the promoter did not need to pledge its holdings for funding needs, suggesting financial stability.