Shree Karthik Papers confirms nil encumbrance on promoter shares
Shree Karthik Papers Limited disclosed that its promoters, holding 74.52% of the equity share capital, have not encumbered any shares as on June 30, 2026. The confirmation, filed under SEBI (SAST) Regulations, 2011, states that zero shares are pledged by the promoters.
*this image is generated using AI for illustrative purposes only.
Shree Karthik Papers Limited has confirmed that its promoters hold 1,42,41,700 equity shares, representing 74.52% of the company's total equity share capital, with no encumbrance reported as on June 30, 2026. The disclosure, submitted to the stock exchange, confirms that the promoters did not pledge or create any charge on these shares directly or indirectly during the quarter ended June 30, 2026. This confirmation is significant for shareholders as it indicates the absence of leverage against the promoter holding, which can impact corporate governance and stock stability.
The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company explicitly stated that nil number of shares are encumbered by the promoters as of the specified date. The disclosure was signed by a Director on behalf of Shree Karthik Papers Limited and addressed to the Compliance Department of BSE Ltd.
Shareholding Details
The following table outlines the promoter shareholding details disclosed in the regulatory filing:
| Shareholder Category | Number of Shares | Percentage Holding (%) | Encumbered Shares |
|---|---|---|---|
| Promoters | 1,42,41,700 | 74.52 | 0 |
The company operates from its registered office in Coimbatore, Tamil Nadu, and its factory in Anamalai Taluk. The confirmation of zero encumbrance provides clarity regarding the financial standing of the promoters concerning their equity in the firm.
Historical Stock Returns for Shree Karthik Papers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.80% | -6.20% | -1.48% | -5.93% | -26.41% | -8.14% |
How might the zero encumbrance status influence investor confidence and stock stability in the upcoming quarters?
What are the company's plans for utilizing its strong promoter holding to drive future growth or expansion?
Could this disclosure signal potential strategic moves, such as acquisitions or increased dividends, in the near future?
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