Teesta Agro Industries Files Non-Applicability Statement for SEBI Regulation 32(1) Compliance

1 min read     Updated on 14 Apr 2026, 01:38 PM
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Teesta Agro Industries Limited filed a non-applicability statement with BSE Limited for the quarter ended March 31, 2026, confirming no public issue proceeds were raised from IPO, FPO, Right Issue, or Preferential Issue during the period. The company stated that the Statement of Derivation or Variation under SEBI Regulation 32(1) is therefore not applicable for this quarter.

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Teesta Agro Industries Limited has submitted a formal communication to BSE Limited confirming the non-applicability of certain SEBI regulatory requirements for the quarter ended March 31, 2026. The company filed this statement in compliance with regulatory obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Statement

The company's communication, dated April 10, 2026, was addressed to the Department of Corporate Services at BSE Limited. The filing pertains to Regulation 32 of the SEBI (LODR) Regulations, 2015, read with SEBI circular CIR/CFD/CMD1/162/2019 dated December 24, 2019.

Parameter: Details
Security Code: 524204
CIN: L24119WB1986PLC041245
Reporting Quarter: March 31, 2026
Filing Date: April 10, 2026

Public Issue Proceeds Confirmation

Teesta Agro Industries confirmed that no public issue proceeds were raised during the reporting quarter ended March 31, 2026. The company specifically stated that there were no proceeds from the following sources:

  • Initial Public Offer (IPO)
  • Further Public Offer (FPO)
  • Right Issue
  • Preferential Issue

Due to the absence of any public issue proceeds during the quarter, the Statement of Derivation or Variation under Regulation 32(1) of SEBI (LODR) Regulation, 2015 is not applicable to the company for this period.

Filing Challenges

The company noted a technical issue with the regulatory filing system, stating that they were unable to file under XBRL mode as the form does not allow NIL entry. This technical limitation necessitated the submission of the non-applicability statement through alternative means.

Company Information

Teesta Agro Industries Limited operates from multiple locations, with its registered office and plant located at Mazabari, P.O.: Rajganj, District: Jalpaiguri, West Bengal. The company maintains additional offices in Kolkata and New Delhi, demonstrating its operational presence across different regions.

Will Teesta Agro Industries consider raising capital through public offerings in the upcoming quarters given their current operational expansion across multiple regions?

How might the technical limitations in SEBI's XBRL filing system affect other companies' regulatory compliance and reporting timelines?

What strategic initiatives is Teesta Agro Industries planning that could potentially require external funding in the next fiscal year?

Teesta Agro Industries Files Annual Encumbrance Disclosure Under SEBI Regulation 31(4)

1 min read     Updated on 08 Apr 2026, 05:39 AM
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Teesta Agro Industries Limited submitted its annual encumbrance disclosure under SEBI Regulation 31(4) for FY26, with promoters holding 44.36% stake confirming no encumbrance on their shareholdings. The disclosure was filed by Company Secretary Abhishek Choudhury on April 6, 2026, ensuring regulatory compliance.

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Teesta Agro Industries Limited has submitted its annual encumbrance disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 31(4) for the financial year ended March 31, 2026. The company filed the disclosure with BSE Limited on April 6, 2026, confirming that promoters have not created any encumbrance on their shareholdings during FY26.

Encumbrance Declaration Details

The disclosure confirms that all four key promoters have declared no encumbrance on their shares during the financial year. The promoter group's shareholding structure remains as follows:

Promoter Name: Number of Shares Shareholding Percentage DIN Number
Hardev Singh: 1,592,190 28.38% 00550781
Joginder Kaur: 587,600 10.47% 00550860
Paramdeep Singh: 155,100 2.76% 00550824
Inderdeep Singh: 154,266 2.75% 00879115
Total Promoter Holding: 2,489,156 44.36% -

Hardev Singh, serving as the authorized signatory on behalf of the promoter group, confirmed that no encumbrance was made directly or indirectly on shares held by promoters during FY26.

Regulatory Compliance Framework

The disclosures were made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Each promoter submitted individual confirmation letters stating:

  • No encumbrance created during the financial year ended March 31, 2026
  • Confirmation applies to self and other constituents of the promoters' group
  • Declaration covers both direct and indirect encumbrances
  • Compliance with annual disclosure requirements under SEBI regulations

Documentation and Submission

Company Secretary Abhishek Choudhury coordinated the submission of all disclosure documents to BSE Limited's Department of Corporate Services. The documentation included individual confirmation letters from each promoter, with copies forwarded to the company's registrar and share transfer agents for record maintenance.

Company Information

Teesta Agro Industries Limited operates with its registered office and plant located at Mazabari, Rajganj, Jalpaiguri, West Bengal. The company's shares trade on BSE Limited under security code 524204, with CIN number L24119WB1986PLC041245. The annual encumbrance disclosure ensures continued transparency in promoter shareholding patterns and maintains compliance with SEBI's substantial acquisition regulations.

Will Teesta Agro Industries' promoters consider pledging shares for future expansion financing given their current unencumbered holdings?

How might the concentrated 44.36% promoter shareholding impact potential institutional investor interest or acquisition opportunities?

What strategic initiatives could Teesta Agro Industries pursue in FY27 that might require promoters to leverage their unencumbered shares?

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