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.
TITAN · price
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Tamilnadu Industrial Development Corporation Limited (TIDCO), a promoter group entity of Titan Company Limited, has submitted a disclosure confirming that it has not created any encumbrance (pledge) over its shareholding in Titan. TIDCO holds 24,74,76,720 shares representing 27.88% of the total shareholding in Titan Company. The disclosure was submitted on April 2, 2026, pursuant to Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, which mandates promoters to periodically confirm their pledge status.
This is a routine compliance disclosure confirming no negative encumbrance on the promoter's stake. TIDCO's 27.88% holding remains free of any pledge, which is a positive indicator of the promoter's financial health and their commitment to the company. This should have no direct negative impact on the stock.