The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 28, 2025 for N.B. Kumar
THANGAMAYL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Thangamayil Jewellery Limited has disclosed that three promoters — Balarama Govinda Das (17.22% holding), Ba. Ramesh (17.51%), and N.B. Kumar (17.32%) — have fully released their pledged shares with Yes Bank and Axis Bank on March 27, 2025. Each promoter had 1.05 lakh shares (about 1.93–1.96% of total share capital) encumbered as pledge for working capital finance, and the post-release encumbered holding for all three stands at zero. The disclosure was filed on March 28, 2025 under SEBI Takeover Regulations. No change in promoter shareholding has occurred — only the encumbrance (pledge) has been removed.
Positive signal for shareholders — complete pledge release removes the risk of forced selling and indicates improved financial flexibility for the promoters. Typically seen as a sign of strengthening promoter confidence and reduced leverage risk for the stock.