Scottish and Newcastle India 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.
Scottish and Newcastle India Limited, part of the promoter group of United Breweries, has submitted a routine annual compliance declaration to BSE and NSE under Regulation 31(4) of the SEBI Takeover Regulations, 2011. The declaration states that the company, along with persons acting in concert, has not created any new encumbrance (pledge, lien, or other charge) on shares of United Breweries during the financial year ended March 31, 2025, other than those already disclosed earlier. This is a standard year-end filing required from promoter group entities, not a new transaction or change in ownership.
This is a routine compliance disclosure with no material impact on shareholders or stock price. It simply confirms that the promoter group has not pledged or encumbered any additional United Breweries shares during the year, which is a neutral-to-slightly-positive signal on promoter confidence.