Vivid Electromech promoters confirm no encumbrance in FY26

1 min read     Updated on 10 Jun 2026, 06:32 AM
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AI Summary

Vivid Electromech Limited confirmed via a regulatory filing on April 7, 2026, that its promoters and promoter group did not create any new encumbrances on their shares during FY26. The disclosure, signed by Managing Director Sameer V Attavar, adheres to SEBI Regulation 31(4). It details the holdings of seven individuals totaling over 6.5 million shares as of March 31, 2026.

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Vivid Electromech Limited disclosed that its promoters and promoter group have not created any encumbrance on their shareholdings during the financial year 2025-2026, other than those already disclosed. The confirmation was submitted to the National Stock Exchange of India Ltd. on April 7, 2026, by Sameer V Attavar, Managing Director, on behalf of the promoter group and persons acting in concert.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires listed companies to disclose any encumbrance created by promoters on their shares. The statement confirms that no new pledges or charges were established by the identified individuals during the specified period.

Shareholding Details

The disclosure provided a detailed breakdown of the shareholdings held by the promoters and promoter group as of March 31, 2026. The data includes the names of the individuals, their specific category within the promoter group, and the total number of shares held.

Name of Individuals Category Holding as on 31.03.2026
Sameer V Attavar Promoter 4701770
Meeta S Attavar Promoter 933880
Ishita Sameer Attavar Promoter Group 448540
Hridhaan Sameer Attavar Promoter Group 448300
Bina Vishvanath Attavar Promoter Group 1020
Smriti V Attavar Promoter Group 1020
Vishvanath D Attavar Promoter Group 1020

The largest holding within the group is attributed to Sameer V Attavar, who holds 4,701,770 shares. The collective holdings of the promoter group members, including family members, total over 6.5 million shares.

Historical Stock Returns for Vivid Electromech

1 Day5 Days1 Month6 Months1 Year5 Years
+4.76%+15.49%+29.38%+105.13%+105.13%+105.13%

How does the absence of share encumbrance position Vivid Electromech for potential future capital raising or expansion plans?

What impact will this clean shareholding status have on investor confidence and stock volatility in the upcoming fiscal year?

Are there any strategic acquisitions or mergers on the horizon that might require the promoters to leverage their holdings?

1 Year Returns:+105.13%