Sundaram Multi Pap 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.
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Sundaram Multi Pap Limited's Promoter and Promoter Group has submitted its annual disclosure under SEBI Takeover Regulations. As of March 1, 2026, the Promoter Group holds 14,74,403 equity shares, out of which 32,72,000 shares are pledged as collateral. The company confirmed that adequate and timely disclosures were made for the pledged shares. Additionally, the Promoter Group declared that no new share encumbrances were created during the Financial Year ended March 31, 2026. The disclosure was signed by Whole-time Director Krunal Shantilal Shah along with individual promoters Amrut P. Shah and Shantilal P. Shah.
The disclosure indicates existing promoter pledge commitments remain unchanged with no fresh encumbrances, which provides some comfort to investors regarding potential dilution of promoter stake. However, the large number of pledged shares warrants monitoring for any future invocation of pledged shares.