BSE querylodr has sent a mail to the company for late submission of SEBI (Substantial Acquisition of shares and Take Overs) Regulations 2025 and the reply is attached herewith to drop further ....
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Awaiting price reaction for this filing.
BSE had sent a query to Shree Karthik Papers Ltd for late filing of the promoter's annual disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was due within 7 days of the financial year ending March 31, 2025, but was filed only on April 16, 2025. The company explained the delay was due to the Managing Director being out of the country and the Company Secretary being hospitalised for spinal cord pain. The promoter confirmed holding 1,42,41,700 equity shares (74.52%) in the company with no encumbrance or pledge created during the financial year ended March 31, 2025.
This is a procedural compliance filing with no financial impact on shareholders. No penalty or action has been imposed yet, but investors should watch if SEBI or BSE takes further action on the delayed disclosure.