Ramesh D. Poddar 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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Ramesh D. Poddar, on behalf of himself and the promoter group of Siyaram Silk Mills, has filed a declaration under SEBI's Takeover Regulations confirming that no encumbrance (such as pledge or lien) was created on the promoter shareholding during the financial year ended 31 March 2025. The promoter group holds 3,05,98,404 equity shares representing 67.44% of the company. This is a routine annual compliance filing required since the promoter holding exceeds 50%.
This is a neutral, routine compliance disclosure. It confirms the promoter group did not pledge or otherwise encumber their shares during the year, which is mildly reassuring for shareholders as it suggests no immediate financial stress on the promoter entity.