HML TRUST NO.I 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.
STEL · price
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Awaiting price reaction for this filing.
HML Trust No. I, part of the promoter group of Stel Holdings (security code 533316), has filed a declaration confirming that none of the promoters or persons acting in concert (entries 28-33 in the annexure, covering the six HML Trusts) created any encumbrance — i.e., no pledging, lien, or charge on shares — directly or indirectly during the financial year ended March 31, 2025. The other promoter group entities (entries 1-22 and 23-27) will file separate declarations. The annexure lists the full promoter group holding at 69.47% of Stel Holdings, with major holders being Rainbow Investments (24.50%), Instant Holdings (8.70%), Harsh Vardhan Goenka via Secura India Trust (7.82%), and Carniwal Investments (7.48%).
This is a routine annual compliance filing and signals that the promoter group has not pledged or encumbered their shares during the year, which is a neutral-to-slightly positive indicator for retail investors as it removes near-term concerns over forced selling or margin calls from pledged holdings.