Surana Telecom and Power 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.
SURANAT&P · price
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Narender Surana, on behalf of the Promoter and Promoter Group of Surana Telecom and Power Limited, has submitted a declaration to NSE and BSE under SEBI Regulation 31(4). The declaration confirms that the promoter group has not created any encumbrance (pledge, lien, or charge) on their shares, directly or indirectly, during the financial year 2024-25. The filing includes Annexure-A listing the shareholdings of 17 promoter group entities, with the total promoter group holding standing at 95,263,060 fully paid-up equity shares. The largest individual holders include Narender Surana (24,318,665 shares), Devendra Surana (19,950,171 shares), and Sunita Surana (9,518,321 shares).
This is a neutral-to-positive disclosure — no new share pledges by the promoter group signals that the promoters have not needed to raise funds by pledging their holdings, suggesting stable promoter finances. For shareholders, it removes any near-term concern of forced share sales due to pledge invocation.