Ambika Cotton Mills Limited has filed a regulatory disclosure confirming no encumbrance on promoter shares under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The declaration was submitted to both National Stock Exchange of India Limited and BSE Limited.

Promoter Shareholding Details

The disclosure covers shares held by the promoter and promoter group in depository form. The combined holding represents a significant stake in the company's equity structure.

Regulatory Compliance

The declaration confirms that there was no encumbrance at any point of time on the specified promoter equity shares. This disclosure is made in compliance with SEBI regulations governing substantial acquisition of shares and takeover provisions.

The company's total equity share capital stands at 57.25 lakh shares. Smt C. Bhavani, identified as the spouse of promoter Sri P.V. Chandran, holds the larger portion of the promoter group shareholding at 39.70%.

Documentation and Filing

The regulatory filing was signed by promoter P.V. Chandran and copied to the Audit Committee of Ambika Cotton Mills Limited. All promoter shares mentioned in the declaration are maintained in dematerialized accounts, ensuring proper custody and transfer mechanisms.

This disclosure provides transparency regarding the encumbrance status of promoter holdings, which is crucial information for investors and regulatory authorities in assessing the company's ownership structure and potential corporate actions.

Ambika Cotton Mills Limited has officially informed stock exchanges that it does not fall under the category of large corporate as defined by SEBI's Chapter XII operational circular dated August 10, 2021. The company made this disclosure on April 1, 2026, clarifying its exemption from specific fund raising requirements.

SEBI Chapter XII Non-Applicability

The textile manufacturer submitted its formal disclosure to both BSE Limited and The National Stock Exchange of India Ltd, confirming that it does not meet the applicability criteria for large corporates under the SEBI framework. This classification exempts the company from mandatory disclosure requirements related to fund raising through debt securities.

Regulatory Compliance Details

As part of the disclosure process, Ambika Cotton Mills Limited provided the required Annex XII-A form with key particulars:

Framework Implications

The SEBI Chapter XII framework requires large corporates to raise a specified portion of their incremental borrowing through debt securities. Companies that fail to meet these requirements face penalties, including fines of 0.20% of the shortfall amount levied by stock exchanges at the end of two-year block periods.

Corporate Authorization

The disclosure was duly authorized by company officials, with Company Secretary Radhe Shyam Padia and Chief Financial Officer M. Vijayakumar signing the compliance documents. The company confirmed that given its non-large corporate status, the mandatory borrowing requirements and associated disclosure obligations do not apply to its operations.

This regulatory clarification provides transparency to investors and stakeholders regarding the company's compliance status under current SEBI operational guidelines for corporate fund raising activities.