Tamilnadu Industrial Development Corporation 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.

TNPETRO · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.6%1-day move

₹88.35

prior close

₹89.18

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.3+0.2+0.3—+3.6+3.6+3.9+2.4+4.1+1.6+0.7-0.9+2.1+10.3

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AI summary

Tamilnadu Industrial Development Corporation Limited (TIDCO), a promoter entity, has submitted a disclosure confirming that it holds 1,58,43,751 shares representing 17.61% of Tamilnadu Petroproducts Limited. The key point of this filing is that TIDCO confirms it has NOT created any encumbrance (pledge) directly or indirectly over these shares. This is filed pursuant to Regulation 31(4) which requires promoters to periodically disclose share encumbrances.

Likely market impact

This is a positive confirmation for investors as it shows the promoter holding of 17.61% is free from any pledge, meaning these shares can be readily sold or used as collateral without triggering immediate regulatory concerns.