Karma Energy Promoter Group Declares No Encumbrance on 74.70% Shareholding for FY26
Karma Energy Limited's Promoter, Chetan Durgadas Mehra, on behalf of the entire Promoter and Promoter Group, has declared no encumbrance—direct or indirect—on 86,43,046 equity shares representing 74.70% shareholding in the company for the financial year ended March 31, 2026. The disclosure was filed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and submitted to BSE Limited and the National Stock Exchange of India Limited on April 3, 2026. The Promoter and Promoter Group comprises 18 individuals and entities, with Chetan Mehra as the sole Promoter and the remaining 17 classified under the Promoter Group.
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Karma Energy Limited's Promoter and Promoter Group have filed a statutory disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. The disclosure, submitted to BSE Limited and the National Stock Exchange of India Limited on April 3, 2026, confirms that no encumbrance has been created, either directly or indirectly, on the promoter shareholding in the company.
Encumbrance Declaration on Promoter Shareholding
Chetan Durgadas Mehra, acting on behalf of the Promoter and Promoter Group of Karma Energy Limited, declared that the group has not pledged or otherwise encumbered its equity stake during the year under review. The declaration covers 86,43,046 equity shares, which represent 74.70% of the total shareholding in the company. The disclosure was also addressed to Karma Energy Limited and its Audit Committee.
The key details of the encumbrance declaration are summarised below:
| Parameter: | Details |
|---|---|
| Disclosure Date: | April 3, 2026 |
| Financial Year: | Year ended March 31, 2026 |
| Equity Shares Covered: | 86,43,046 |
| Promoter Shareholding (%): | 74.70% |
| Encumbrance Status: | Nil (No encumbrance created) |
| Declarant: | Chetan Durgadas Mehra |
| Regulatory Provision: | Regulation 31(4), SEBI Takeover Regulations, 2011 |
Promoter and Promoter Group Composition
The disclosure was made on behalf of 18 individuals and entities collectively forming the Promoter and Promoter Group of Karma Energy Limited. The full list of persons and entities covered under the declaration is as follows:
| Sr. No.: | Name | Category |
|---|---|---|
| 1. | Chetan Mehra | Promoter |
| 2. | Dharmendra Gulabchand Siraj | Promoter Group |
| 3. | Anju Siraj | Promoter Group |
| 4. | Isha Siraj Kedia | Promoter Group |
| 5. | Arun Mehra | Promoter Group |
| 6. | Radhika Chetan Mehra | Promoter Group |
| 7. | Shweta Siraj Mehta | Promoter Group |
| 8. | Hansneel Impex Private Limited | Promoter Group |
| 9. | Kotta Enterprises Private Limited | Promoter Group |
| 10. | Weizmann Corporate Services Limited | Promoter Group |
| 11. | Purvaja Projects Limited | Promoter Group |
| 12. | Ram Krishna Iron Works Private Limited | Promoter Group |
| 13. | Sitex India Private Limited | Promoter Group |
| 14. | Tapi Energy Projects Limited | Promoter Group |
| 15. | Windia Infrastructure Finance Limited | Promoter Group |
| 16. | Inspeed Power Private Limited | Promoter Group |
| 17. | Prabhanjan Multitrade Private Limited | Promoter Group |
| 18. | Weizmann Limited | Promoter Group |
Regulatory Context
Under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, promoters of listed companies are required to submit an annual declaration to the stock exchanges and the target company confirming whether any encumbrance has been created on their shareholding during the relevant financial year. The disclosure from Karma Energy's Promoter and Promoter Group confirms full compliance with this regulatory requirement for the year ended March 31, 2026. The filing was signed by T V Subramanian, CFO & Company Secretary of Karma Energy Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited.
Historical Stock Returns for Karma Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.33% | -7.32% | -12.97% | -18.21% | -25.96% | +230.47% |
Given that Karma Energy's promoters hold 74.70% stake with zero encumbrance, are there any plans for future fundraising that could require pledging shares as collateral?
How might Karma Energy's clean promoter shareholding record influence its ability to attract institutional investors or secure project financing for renewable energy expansion?
With 18 entities in the promoter group including multiple corporate entities like Tapi Energy Projects and Inspeed Power, could any restructuring or consolidation within the promoter group affect the overall shareholding pattern?
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