Surana Solar 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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Awaiting price reaction for this filing.
Narender Surana, on behalf of the Promoter Group of Surana Solar Limited, has submitted an annual declaration to NSE and BSE under SEBI Takeover Regulations. The declaration confirms that no encumbrance (such as pledge, lien, or lock-in) was created on any shares held by the promoters or persons acting in concert during the financial year 2024-25. The Annexure lists 13 promoter-group entities along with their shareholdings, with Surana Telecom and Power Limited (2.12 crore shares) and Surana Infocom Private Limited (1.78 crore shares) being the largest holders. Total promoter-group holding adds up to roughly 4.14 crore equity shares based on the annexure.
This is a routine compliance filing and is mildly reassuring for shareholders — it means no new pledges or encumbrances have been put on promoter shares in the past year, reducing near-term concerns around forced selling or margin calls. No direct stock price impact is expected as no change in holding has occurred.