V Venugopalan For & on behalf of Shradha Agarwala 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.
Awaiting price reaction for this filing.
Shradha Agarwala, a person likely acting in concert with the promoter group of Mangalore Chemicals & Fertilizers, has filed an annual declaration under SEBI's Takeover Regulations for FY ended March 31, 2025. The declaration states that no new encumbrance (pledge or lien) was created on the company's shares during the year, other than those already disclosed. The letter was signed by V Venugopalan as the authorised signatory on behalf of Shradha Agarwala and addressed to the audit committee, NSE, and BSE. This is a routine annual compliance filing confirming no fresh pledges or encumbrances were made on the shares.
This is a neutral, routine compliance disclosure and does not indicate any change in the promoter group's shareholding or financial position. It simply confirms no new pledges were created during the year, which provides mild comfort to shareholders about stability of existing encumbrances.