R. Chellappan 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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R. Chellappan, the promoter of Swelect Energy Systems, has submitted a yearly disclosure under SEBI's Takeover Regulations confirming that neither he nor any person acting in concert created any encumbrance (pledge or lien) on their shareholding in the company during FY ending 31st March 2025. The annexure shows R. Chellappan individually holds 7,397,860 shares (48.80%), while persons acting in concert — Gunasundari C, Mirunalini V C and Raghunath V C — together hold 252,652 shares. The combined promoter group stake stands at 50.47% of the company. This is a routine annual compliance filing required from promoters regarding pledged shares.
This is a routine compliance filing with no new corporate action. However, the promoter R. Chellappan individually holds just 48.80%, below the 50% mark, while the total promoter group holding is a thin 50.47% — leaving limited buffer against any hostile takeover or creeping acquisition attempt.