Disclosure under SEBI Takeover Regulations

Pilani Investment and Industries Corporation Limited has disclosed a dispute regarding its promoter group. The company's current promoters do not recognize The Punjab Produce & Trading Company Private Limited and its associates as part of the promoter group, despite their recent disclosure under SEBI Takeover Regulations. This situation indicates a disagreement over control, with a discrepancy between the declared promoter holding by the claiming group (58.68%) and the shareholding attributed to The Punjab Produce & Trading Co. by Pilani (25.16%), signaling potential future conflict or regulatory scrutiny.