Swallow Associates LLP 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.
ZENSARTECH · price
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Awaiting price reaction for this filing.
Swallow Associates LLP, part of the promoter group of Zensar Technologies, has submitted its annual disclosure under SEBI's Takeover Regulations for FY ending March 31, 2025. The filing confirms that no promoter or person acting in concert has created any new encumbrance (pledge or lien) on their shares during the year. The annexure lists the full promoter group holdings: Swallow Associates LLP holds 26.68%, Summit Securities 11.02%, Instant Holdings 8.44%, and others, taking the total promoter and PAC holding to 49.07% of Zensar's share capital. This filing is a routine annual compliance requirement under the takeover code.
No new pledges or encumbrances were created, which is neutral to mildly positive for shareholders as it signals promoter stability. However, the total promoter holding of 49.07% is just below the 50% threshold, meaning any further promoter stake sale could trigger open offer obligations under takeover norms.