Shiva Performance Materials Private 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.
STYRENIX · price
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Shiva Performance Materials Private Limited, the promoter of Styrenix Performance Materials, has filed a mandatory annual declaration with the stock exchanges confirming that it did not create any encumbrance (pledge, lien, or charge) on its shares during the financial year ended March 31, 2025. The promoter holds 81,31,158 shares, representing 46.24% of the company's share capital. This disclosure is required under Regulation 31(4) of the SEBI Takeover Regulations, 2011, applicable to shareholders holding more than 25% but less than the maximum permissible non-public shareholding. The declaration assures investors that no shares have been pledged or otherwise encumbered during the year.
This is a routine compliance filing with no negative implications — it confirms the promoter did not pledge shares during the year, which is generally seen as a neutral-to-positive signal regarding promoter financial standing. Shareholders can take comfort that promoter holding remains unencumbered at 46.24%.