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.
SESHAPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Seshasayee Paper and Boards has submitted a Regulation 31(4) disclosure listing all members of its promoter and promoter group along with their shareholdings. The promoter group entities are: Ponni Sugars (Erode) Ltd with 88.41 lakh shares (14.02%), Dhanashree Investments Pvt Ltd with 29.63 lakh shares (4.70%), one entity holding 665 shares (negligible), and SPB Projects and Consultancy Ltd with 11,360 shares (0.02%). The filing also formally confirms that Sri K.S. Kasi Viswanathan, the Managing Director and CEO who passed away on March 8, 2025, will cease to be part of the promoter/promoter group under Regulation 31A(6)(c) of SEBI LODR. No share transactions have taken place — this is an administrative update on promoter composition.
No immediate financial impact for shareholders — no shares were bought, sold, or pledged. The combined promoter group holding stands at roughly 18.74% of equity, well below 50%, so there is no risk of takeover-related obligations being triggered. Investors should note the leadership change following the MD's demise, but no change of control is implied.