A. Balan 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.
SWELECTES · price
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Awaiting price reaction for this filing.
A. Balan, a promoter of Swelect Energy Systems, has submitted the annual disclosure confirming that he and persons acting in concert have not created any encumbrance (pledge or lien) on their shareholding in the company during the financial year ended March 31, 2025. As per the annexure, A. Balan holds 469,499 shares (3.10%), along with PACs Vasantha B (0.11%), Preetha Balan (0.16%), and Aarthi Balan (0.16%), taking the total promoter group holding to 535,283 shares or 3.53% of the company. This is a routine compliance filing and indicates no change in encumbrance status over the year.
This is a neutral, routine regulatory filing with no material impact on the stock. Investors should note that the promoter group's total holding is small at just 3.53%, meaning limited promoter skin in the game.