Ponni Sugars (Erode) 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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Ponni Sugars (Erode) Limited, a promoter of Seshasayee Paper and Boards Limited, has submitted a nil encumbrance declaration for the financial year ended March 31, 2026. The declaration confirms that no pledge, lien, or other encumbrance has been placed on the shares held by Ponni Sugars in Seshasayee Paper and Boards Limited, either directly or indirectly. As per the filing, Ponni Sugars holds 8,840,905 equity shares, representing 14.02% of the total share capital of Seshasayee Paper and Boards Limited. The disclosure is signed by R Madhusudhan, Company Secretary of Ponni Sugars (Erode) Limited, and submitted to both BSE and NSE.
Positive signal for investors as it confirms the promoter has not pledged shares, reducing risk of forced selling or dilution of promoter holding. The 14.02% stake remains free of any encumbrance.