Ashwin C Muthiah 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.
SPIC · price
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Ashwin C Muthiah, promoter of SPIC, has filed his annual declaration under SEBI's Takeover Regulations for FY 2024-25. The disclosure confirms that none of the equity shares held by him and persons acting in concert (PAC) are encumbered (pledged) directly or indirectly. The promoter group's total holding stands at 9.09 crore shares, or 44.64% of the company. Major entities in the group include AMI Holdings (18.31%), Lotus Fertilizers (13.75%), Ficon Holdings (7.70%) and Sicagen India (2.35%). This is a routine yearly compliance filing required from promoters.
Positive clarity for shareholders: no promoter shares are pledged, reducing any short-term governance or forced-sale risk. With promoter holding at 44.64% (below 50%), the promoter can still make creeping acquisitions of up to 5% per year without making an open offer.