Himatsingka Seide Limited has filed a regulatory disclosure confirming that its promoters maintained zero encumbrance on their shareholdings during the financial year 2025-26. The declaration, submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was signed by D.K. Himatsingka on behalf of the promoter and promoter group on April 01, 2026.

Promoter Holdings Structure

The disclosure reveals the complete shareholding pattern of promoters and promoter group entities as of March 31, 2026. The combined promoter and promoter group holding stands at 4,71,29,454 shares, representing 37.48% of the company's total shareholding.

Individual Promoter Stakes

Among individual promoters, Dinesh Kumar Himatsingka holds the largest stake with 1,19,02,000 shares (9.47%), followed by Shrikant Himatsingka with 85,46,964 shares (6.80%). Rajshree Himatsingka holds 58,97,260 shares (4.69%), while Priyadarshini Himatsingka maintains a smaller holding of 2,37,800 shares (0.19%).

Corporate Entity Holdings

Several corporate entities form part of the promoter group, with Bihar Mercantile Union Private Limited holding the largest corporate stake of 62,68,234 shares (4.98%). Other significant corporate holdings include Awdhan Trading Company Limited with 41,28,736 shares (3.28%) and Orient Silk Private Limited with 34,34,768 shares (2.73%).

Promoter Group Entities

The promoter group category includes three individuals: Jayshree Poddar with 2,88,400 shares (0.23%), Shyama Poddar holding 4,982 shares, and Sarala Jalan with 1,480 shares. These holdings collectively represent 0.23% of the company's total shareholding.

Regulatory Compliance

The disclosure fulfills mandatory requirements under SEBI regulations for substantial shareholders to declare any encumbrance on their holdings. The zero encumbrance declaration indicates that promoters have not pledged, mortgaged, or otherwise encumbered their shares during the financial year 2025-26, providing transparency to investors regarding the security of promoter holdings.

Himatsingka Seide Limited announced a favorable outcome in its ongoing tax dispute with the Assistant Commissioner of Income Tax, as disclosed in a regulatory filing dated April 17, 2026. The Income Tax Appellate Tribunal, Kolkata dismissed the Revenue's appeal, resulting in the deletion of additions worth Rs. 5.85 crores for Assessment Year 2009-10.

Regulatory Disclosure Details

The company filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive updates on the litigation proceedings. The filing was submitted to both BSE Limited (Scrip Code: 514043) and National Stock Exchange of India Limited (Symbol: HIMATSEIDE) through reference number HSL/SEC/2026/18.

Transfer Pricing Dispute Background

The litigation centered on transfer pricing adjustments involving three specific business transactions. The dispute encompassed corporate guarantees provided by the company to its subsidiaries, loans extended to Twill & Oxford LLC (a voluntarily liquidated associate company) and Himatsingka America Inc. (a step-down subsidiary), and the classification of investment in Bellora as revenue in nature for business purposes.

Tribunal Ruling and Financial Impact

The Income Tax Appellate Tribunal, Kolkata ruled in favor of Himatsingka Seide Limited, dismissing the Revenue's appeal against the Commissioner of Income Tax (Appeals) order. This decision resulted in the deletion of additions totaling Rs. 5.85 crores, providing significant financial relief to the company.

Compliance and Management Impact

The company confirmed that no changes occurred in litigation status regarding key management personnel, promoters, or ultimate persons in control. The proceedings concluded without any settlement terms, compensation, or penalties, indicating a complete favorable resolution for the textile manufacturer.

The disclosure was signed by Company Secretary & Compliance Officer Y Bindu, emphasizing the company's commitment to transparent regulatory compliance and stakeholder communication regarding material legal developments.