Sanjay Agarwal 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.
STARCEMENT · price
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Awaiting price reaction for this filing.
Sanjay Agarwal, promoter of Star Cement Limited, has submitted a declaration under Regulation 31(4) of the SEBI Takeover Regulations to BSE, NSE, and the company's Audit Committee. The declaration, dated April 3, 2025, confirms that he and persons acting in concert (including Divya Agarwal, Auroville Investments Pvt Ltd, Sumangal International Pvt Ltd, and Sumangal Business Pvt Ltd) have not created any new encumbrance (such as pledge or lien) on their shares in Star Cement during FY 2024-25, other than what was already disclosed earlier. This is a routine annual compliance filing required from promoters and promoter group entities.
Reassuring for shareholders as it signals no fresh pledging or encumbrance of promoter holdings during the year, indicating stable promoter shareholding without additional financial stress or leverage being taken on these shares.