A LALITHA 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.
SHIVAMILLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
A Lalitha, a promoter of Shiva Mills Limited, has submitted a disclosure to NSE and BSE confirming her shareholding of 2,13,680 equity shares (2.47% of total shareholding). Under Regulation 31(4) of SEBI's Takeover Regulations, she has declared that no encumbrance (pledge/charge) has been created on these shares, either directly or indirectly, during the Financial Year. This is a standard regulatory filing that promoters are required to submit periodically.
Positive signal for investors as it confirms that a significant portion of promoter shares (2.47%) is free from any pledge or encumbrance, indicating financial stability and reduced risk of potential forced selling by promoters.