SURANASOLNSESurana Solar LimitedMinimalNeutral
Announced Tue, 21 Apr · 19:02 IST

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.

SURANASOL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+8.9%1-day move
₹25.55
prior close
₹25.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+8.5+16.1+20.8+15.5+8.9+5.5+8.0+8.9+10.8+7.3+7.6+4.7+6.3+2.7
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AI summary

Mangilal Narender Surana, on behalf of the Promoter Group, has declared that no shares of Surana Solar Limited were encumbered (pledged) during FY 2025-26. This regulatory filing is required under SEBI's takeover regulations to ensure transparency on promoter holdings. The promoter group collectively holds 21,452,255 shares representing 43.59% of total equity. The largest promoter holding is Surana Telecom And Power Limited at 36.32%, followed by individual family members. The absence of any encumbrance indicates promoters have not pledged their shares as collateral for loans.

Likely market impact

A 'no encumbrance' declaration is generally positive for shareholders as it reduces the risk of forced share sales in case of loan defaults by promoters. It signals promoter confidence and financial health of the controlling shareholders.