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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
R. Chellappan, Promoter of Swelect Energy Systems Limited, has submitted a disclosure confirming that neither he nor any persons acting in concert (PAC) have created any encumbrance (pledge/charge) on their shareholding during FY 2025-26. The promoter group collectively holds 7,650,512 shares representing 50.47% of the company. This includes R. Chellappan (48.80%), Guna Sundari C (0.81%), Mirunalini VC (0.47%), and Raghunath VC (0.39%). The filing is a routine regulatory requirement under SEBI's takeover regulations.
Positive signal for investors as promoters have not pledged their shares, indicating confidence in the company's prospects and reducing risk of potential share dumping from margin calls.