Swallow Associates LLP 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.
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Swallow Associates LLP, the main promoter of Summit Securities Limited, has filed a declaration with the stock exchanges under SEBI Regulation 31(4) confirming that none of the promoters or persons acting in concert created any encumbrance (pledge, lien, or similar charge) on their shares during the financial year ended March 31, 2025. As per Annexure A, the total promoter group holds 81,37,866 shares representing 74.65% of the company's share capital, with Swallow Associates LLP alone holding 70.57% (76,93,928 shares). Other notable promoter entities include Carniwal Investments Limited (3.25%) and STEL Holdings Limited (0.64%), with the Goenka family controlling the holding through various trusts and LLPs.
This is a positive compliance disclosure for shareholders, as it confirms that promoters have not pledged or otherwise encumbered their shares during the year — reducing concerns about forced selling or margin call risks. The high promoter holding of 74.65% remains intact and stable, signalling continued promoter confidence in the company.