Kochouseph Chittilappilly 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.
Promoter Kochouseph Chittilappilly has filed the annual declaration required under SEBI's Takeover Regulations for FY ended March 31, 2025. The disclosure confirms that the promoter, promoter group, and persons acting in concert have NOT created any encumbrance (pledge, lien, or charge) on their shares during the year. The total promoter and promoter group shareholding stands at 24,92,52,951 shares, representing 57.20% of the company's voting capital. Individual holdings include Mithun K Chittilappilly (19.82%), Kochouseph Chittilappilly (9.39%), Arun K Chittilappilly (8.67%), and three promoter trusts collectively holding about 13.91%.
This is a neutral-to-slightly-positive disclosure. It reassures investors that the promoter family continues to hold their shares unencumbered, with no pledging activity that could pose a risk to share price stability or trigger forced selling.