A SHENBAGAM 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 Shenbagam, identified as a promoter of Shiva Mills Limited, has submitted a disclosure to both NSE and BSE under Regulation 31(4) of SEBI's Takeover Regulations. The promoter holds 3,480 equity shares representing just 0.04% of the company's total shareholding. In this filing, the promoter declares that no encumbrance (pledge) has been created on these shares, either directly or indirectly, during the Financial Year. This is a routine compliance filing where promoters confirm their shareholding status and pledge positions to the exchanges.
This is a routine regulatory filing with neutral impact. The declaration confirms no pledge risk on the promoter's shares, which is reassuring for investors as pledged shares can sometimes lead to forced selling pressure.