Annual Disclosure under Regulation 31 (4) of SEBI (Substantial Acquisition o Shares and Takeovers) Regulations, 2011
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Team24 Consumer Products Ltd (formerly Kore Foods Ltd) has filed its annual promoter disclosure for the year ended March 31, 2026. The filing confirms that the Promoter and Promoter Group entities (including Persons Acting in Concert) have not created any encumbrance on their shares, directly or indirectly, during the financial year. The disclosure also notes that NewVision Group Holding Pvt Ltd was previously a promoter but transferred its shares to the acquirer during the takeover and currently holds no shares. Reclassification of shares is stated as pending. The filing lists 11 entities/individuals in the Promoter and Promoter Group category.
This is a routine compliance filing that reassures investors that promoters have not pledged their shares as collateral during the year. The pending reclassification of shares indicates an ongoing change in the company's promoter group structure following a takeover.