Riddhi Siddhi Gluco Biols Limited 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.
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On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 4.7 pts less than its Beverages peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Riddhi Siddhi Gluco Biols Limited (RSGBL), the promoter of Shree Rama Newsprint Limited, has filed a disclosure under Regulation 31(4) of SEBI's Takeover Regulations for the financial year ended March 31, 2025. As on March 31, 2025, RSGBL held 11,02,90,547 equity shares, representing 74.76% of the target company. The filing confirms the promoter group's encumbrance status on these shares for the year. The disclosure was signed by Mukeshkumar Samdaria, CFO of RSGBL, on behalf of all promoters, promoter group members, and persons acting in concert.
This is a routine annual regulatory disclosure by the promoter confirming its shareholding and encumbrance status in Shree Rama Newsprint. With the promoter holding a comfortable 74.76% stake, there is no immediate impact on minority shareholders, though the market will watch for any signs of pledging or stake changes going forward.