Kanishka Sethia 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.
WCIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kanishka Sethia, on behalf of all promoters and promoter group entities of Western Carriers (India) Limited, has submitted an annual declaration confirming that no encumbrance (pledge, lien, or any other charge) was created on the shares held by the promoter group during the financial year ended 31 March 2025. The accompanying annexure lists 65 promoter and promoter group entities, including persons acting in concert, with their shareholdings and encumbrance status. Every entity has been marked as 'Nil' encumbrance. The largest holder is Rajendra Sethia with 7,32,89,200 shares, followed by Kanishka Sethia (4,920 shares), Sushila Sethia (4,200 shares) and the Rajendra Sethia Family Trust (1,000 shares). The remaining promoter group entities hold either negligible or no shares, all free of any encumbrance.
This is a routine but reassuring disclosure for shareholders, as it confirms that the promoter group has not pledged or otherwise encumbered any of their holdings during the year, reducing concerns over potential margin calls or forced selling. It is a neutral-to-slightly-positive signal for the stock in the near term.