STEEL EXCHANGE 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.
STEELXIND · price
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Awaiting price reaction for this filing.
Steel Exchange India's promoter, Satish Kumar Bandi, along with Persons Acting in Concert (PAC), has submitted an annual declaration to BSE and NSE under SEBI's Takeover Regulations for FY ended 31 March 2025. The declaration states that the promoter and PAC group have not created any new encumbrance (such as pledges or liens) on their shares, directly or indirectly, beyond what has already been disclosed to the stock exchanges. The filing covers 14 individuals/entities including core promoters (Suresh Kumar Bandi, Ramesh Kumar Bandi, Bavineni Suresh, Veeramachaneni Venkata Krishna Rao) and promoter group members/entities (including M/s Vizag Profiles Pvt Ltd and M/s Umashiv Garments Pvt Ltd).
This is a routine annual compliance filing and is neutral for shareholders. The promoter's confirmation of no new encumbrances suggests no incremental pledge risk on promoter-held shares, which is mildly reassuring for retail investors monitoring share-pledge concerns.