Sukumar Srinivas 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.
SHANKARA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sukumar Srinivas, a promoter of Shankara Building Products Limited, has filed a disclosure with the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of shares they have pledged or otherwise encumbered. The announcement only confirms that the disclosure has been submitted and does not include the actual figures, such as the number of shares encumbered, the percentage of promoter holding pledged, or any changes from the previous quarter. Shareholders will need to review the attached disclosure to understand the current pledged position and any movement in encumbered shares.
This is a routine compliance filing rather than a material event, so it is unlikely to move the stock price on its own. However, investors should check the attached disclosure for any sharp increase or decrease in pledged promoter shares, as heavy pledging can be a risk signal for the company.