S V ALAGAPPAN 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
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S V Alagappan, a promoter of Shiva Mills Limited, has submitted a disclosure to 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 encumbered (pledged) or any changes in encumbered shares held by them. The filing itself does not specify the nature of the disclosure—whether it involves creation of a new pledge, invocation of an existing pledge, or release of pledged shares, or any change in the number of encumbered shares.
Without further details on the content of the disclosure, the exact impact on shareholders is unclear. Investors should look for the detailed disclosure to understand if any promoter shares have been pledged, invoked, or released, which could affect promoter holding stability.