Ganges Securities 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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Ganges Securities Limited and 11 other promoter group entities/persons acting in concert (PACs) have filed annual disclosures under SEBI Regulation 31(4) for SIL Investments Limited. The 12 filers include Ganges Securities, Chandra Shekhar Nopany, Shekhar Family Trust, New India Retailing & Investment, Hargaon Investment & Trading, Yashovardhan Investment & Trading, Ronson Traders, OSM Investment & Trading, Champaran Marketing, Sidh Enterprises, Sonali Commercial, and Uttam Commercial. Each entity has declared that it has not created any new encumbrance (pledge, lien, or similar charge) on the shares of SIL Investments Limited during the financial year ended March 31, 2025, other than what was already disclosed. This is a routine annual compliance filing mandated by SEBI's takeover regulations, where promoters and PACs must confirm encumbrance status on the target company's shares every financial year.
This is a routine, neutral compliance disclosure and carries no material impact on the stock price. It reassures shareholders that the promoter group (Birla Sugar group entities) has not pledged additional SIL Investments shares during FY25, leaving the existing encumbrance position unchanged from prior disclosures.