Disclosure of reasons for encumbrance by promoter of Listed Companies

Disclosure under Reg. 31(1) of SEBI Takeover Regulation, 2011 has been revised wherein the promoters of every listed company are now specifically required to disclose the detailed reasons for encumbrance, if combined encumbrance by them along with PACs is equal or exceed: a) 50% of their shareholding in the company; or b) 20% of the total share capital of the company.

https://www.bseindia.com/downloads/whtsnew/file/CIR%2025%20dated%2008_08_2019.pdf