Deals13 Mar 2026, 06:22 pm
Steel Exchange India Ltd Receives Disclosures of Encumbrance by Promoter under SEBI Regulations
AI Summary
Steel Exchange India Ltd has received disclosures from promoters regarding encumbrance of shares in terms of Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures were made by Vizag Profiles Private Limited and Agarwal Coal Corporation Private Limited. The encumbrance details include the creation, release, and invocation of encumbered shares. The reasons for encumbrance include collateral for loans, personal borrowing, and third-party pledge.
Key Highlights
- Steel Exchange India Ltd receives disclosures of encumbrance by promoters under SEBI regulations.
- Vizag Profiles Private Limited and Agarwal Coal Corporation Private Limited reported the encumbrance of shares.
- The encumbrance includes creation, release, and invocation of encumbered shares.
- The reasons for encumbrance include collateral for loans, personal borrowing, and third-party pledge.
- The disclosures were made in accordance with Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.