Seshasayee Paper and Boards 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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Seshasayee Paper and Boards Limited has filed declarations from all promoter group entities confirming no encumbrance (pledge) on their shares during FY 2025-26 (ended March 31, 2026). The disclosure covers nine promoter group entities including Sri N Gopalaratnam (0.12%), Ponni Sugars (Erode) Limited (14.02%), Synergy Investments Pte Ltd (12.27%), Dhanashree Investments Private Ltd (4.82%), High Energy Batteries India Limited (0.17%), SPB Projects and Consultancy Limited (0.02%), and others. This is a routine regulatory filing required under SEBI SAST regulations mandating quarterly disclosure of share pledges by promoters.
No negative signal for shareholders. The confirmation of zero encumbrance indicates strong promoter confidence and reduces risk of potential share dilution or forced selling. The combined promoter holding across all entities is substantial, providing stability to the company's shareholder structure.