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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S V Alagappan, a promoter of Shiva Mills Limited, has submitted a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. He holds 21,780 equity shares representing 0.25% of the company's total shareholding. The declaration confirms that he has not created any encumbrance (pledge) on his shares, either directly or indirectly, during the Financial Year. This is a routine compliance filing by promoters to disclose their pledged shareholding status to the stock exchanges.
This is a positive disclosure indicating no pledge on the promoter's shares, which is neutral to mildly positive for shareholders as it suggests the promoter has not leveraged their shares for loans. The low holding of 0.25% also indicates this is a minor promoter holding.