Allcargo Gati 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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Awaiting price reaction for this filing.
Allcargo Gati Limited, a promoter of TCI Finance Limited, has filed an annual declaration with the stock exchanges under Regulation 31(4) of the SEBI Takeover Regulations, 2011. The declaration confirms that Allcargo Gati, along with persons acting in concert, has not created any new encumbrance (pledge, lien, or similar charge) on its shareholding in TCI Finance Limited during the financial year ended March 31, 2025, beyond what has already been disclosed. This is a routine annual compliance filing required of promoters of listed companies. The letter was signed by Piyush Khandelwal, Company Secretary of Allcargo Gati Limited.
This is a routine regulatory compliance filing with no material impact on the stock. It simply reaffirms that the promoter has not pledged or encumbered any additional shares beyond previously disclosed levels, which is neutral to slightly reassuring for shareholders.