Shyamsundar Rathi 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.
VIDYAWIRES · price
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Shyamsundar Rathi, a promoter of Vidya Wires Limited, has submitted a declaration confirming that the promoters and promoter group collectively hold 15,48,49,000 equity shares representing 72.80% of the company. The key disclosure states that no encumbrances (pledges) have been created on these shares during Financial Year 2025-2026. The declaration covers 31 entities including individual promoters and promoter group companies such as BANG Polyweave Private Limited, Somani Energy Private Limited, and Bhagwat Wire Industries.
This is a positive disclosure for shareholders as it confirms promoters have not pledged their shares, eliminating risk of forced selling from margin calls or loan defaults. The strong 72.80% promoter holding also indicates stability in control.