Shree Kumar Bangur 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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Shree Kumar Bangur, the promoter of West Coast Paper Mills Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of their encumbered shares (such as pledged shares) on a periodic basis. The announcement itself does not contain specific numbers regarding pledge creation, release, or invocation. Investors would need to review the actual disclosure document for details on the extent of any encumbrance on promoter holdings.
This is a routine compliance filing by the promoter. The actual impact on shareholders depends on the content of the disclosure — particularly whether any new pledges have been created, existing ones invoked, or shares released from encumbrance. Shareholders should look at the attached disclosure for specific details before drawing conclusions.