Zenith Steel Pipes & Industries 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.
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Mr. Arun Kumar Singhi, on behalf of the promoter group of Zenith Steel Pipes & Industries Limited, has filed the annual declaration under SEBI Takeover Regulations for FY ended 31st March 2025. As on that date, the promoter group collectively holds 22,257,157 equity shares, representing 15.64% of total shareholding. The promoter group has confirmed that no encumbrance was created on shares during the year, except for a small pledge of 45,000 equity shares by M/s Birla International Pvt. Ltd. The filing is a routine annual compliance disclosure with no change in ownership reported.
This is a routine annual compliance filing, not a transaction announcement. The promoter holding remains well below 50% at 15.64%, meaning the company has dispersed ownership and any open offer obligation thresholds are far from being triggered. No material impact on the stock is expected from this disclosure.