Spacenet Enterprises India 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.
SPCENET · price
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Awaiting price reaction for this filing.
Spacenet Enterprises India Limited has filed a declaration under SEBI's Takeover Regulations confirming that members of the promoter and promoter group, including persons acting in concert, have not created any encumbrance (pledge or charge) on their shares during the financial year ended 31 March 2025. The filing also discloses promoter and promoter group shareholding as on 31 March 2025. Total promoter group holding stands at 8,81,04,333 equity shares, which is 15.60% of the company's total share capital. Key holders include Ms. Sri Matha Meenavalli at 7.34%, Mr. Meenavalli Krishna Mohan at 3.54% (promoter group), Mr. Meenavalli Ganesh at 3.54%, and Mrs. Meenavalli Usha Rani at 1.15%. Promoter Mr. Venkat Srinivas Meenavalli holds zero shares. This is a routine annual compliance filing required from promoters to confirm no undisclosed pledges exist on their holdings.
No negative signal for shareholders — promoters have confirmed no pledging or encumbrance of their shares during the year. However, the total promoter holding is relatively low at just 15.60%, which means the stock has limited promoter support and could be more vulnerable to takeover attempts or large price swings from institutional flows.