Zuari Agro Chemicals 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.
Awaiting price reaction for this filing.
Zuari Agro Chemicals Limited, one of the promoters of Mangalore Chemicals & Fertilizers Limited, has filed an annual declaration with the stock exchanges under SEBI's Takeover Regulations. The declaration confirms that Zuari Agro Chemicals, along with persons acting in concert, has not created any new encumbrance (such as pledge or lien) on the shares of Mangalore Chemicals & Fertilizers during the financial year ended 31st March 2025, other than those already disclosed earlier. This is a routine yearly compliance filing required from promoters.
This is a neutral, routine compliance filing. Shareholders need not worry about any hidden pledge or encumbrance activity by the promoter that has not already been disclosed to the exchanges.