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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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.
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.