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.
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Tamilnadu Industrial Development Corporation Limited (TIDCO), a Promoter/Promoter Group entity of Tamilnadu Telecommunications Ltd, has filed a disclosure with the stock exchanges confirming that it has not created any encumbrance (pledge or charge) over its shareholding in the company. TIDCO holds 66,84,000 shares representing 14.63% of the total paid-up capital. The disclosure, dated April 2, 2026, is submitted pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which requires promoter group entities to periodically confirm the status of encumbrances on their shares.
This is a routine compliance filing that provides transparency on the promoter's share pledge status. The confirmation of no encumbrances is a positive signal, indicating that the promoter's stake is not mortgaged to lenders, which removes a potential overhang for minority shareholders.