Tamilnadu Industrial Development Corporation 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.
SKMEGGPROD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tamilnadu Industrial Development Corporation Limited (TIDCO), a promoter group entity of SKM Egg Products Export (India) Ltd, has submitted a disclosure confirming no encumbrance on its shareholding. TIDCO holds 39,91,600 shares representing 7.58% of the company's total share capital. This filing is made under SEBI (SAST) Regulations 2011 which requires promoters to periodically confirm the status of pledged or encumbered shares. The disclosure serves as a compliance confirmation that these shares are free from any lien, pledge, or other encumbrance.
Positive signal for investors — this confirms that a significant promoter holding (7.58%) is not pledged or encumbered, indicating the promoter has not leveraged these shares for loans or other obligations.