Universal Cables 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.
VINDHYATEL · price
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Awaiting price reaction for this filing.
Universal Cables Limited, the main promoter of Vindhya Telelinks, has filed an annual declaration confirming that neither it nor any promoter/promoter group entity or person acting in concert has created any encumbrance (pledge, lien, etc.) on their shares during FY 2024-25. The disclosure shows the promoter group collectively holds 43.54% (51.6 lakh shares) in Vindhya Telelinks, with Universal Cables alone at 29.15% and Punjab Produce & Trading Co at 10.90%. An additional 10.58% (12.5 lakh shares) is held by persons acting in concert (classified as public), taking the combined promoter + PAC holding to about 54.12%.
This is a routine compliance filing and is neutral to positive for shareholders — it confirms that promoter holdings remain unpledged, reducing concerns about forced selling or margin call risks. However, the promoter group holding stands below 50%, meaning promoters do not have an absolute majority on their own and depend on PAC support for voting control.