Disclosure under SEBI Takeover Regulations

Filatex India Limited has submitted a disclosure to the NSE regarding Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrance, such as pledging or creating a lien, on their shareholdings. While the announcement does not detail the specifics, it indicates that a promoter or promoter group has pledged a portion of their shares. For investors, these disclosures are crucial as pledged shares serve as collateral, signaling potential financing activities or exposure to market volatility. Investors should refer to the full disclosure document for precise details on the quantity of shares involved.