Motor & General Finance Limited has filed its mandatory initial disclosure with BSE Limited, confirming its status as an entity not classified as a Large Corporate under SEBI regulations. The disclosure, submitted on April 8, 2026, fulfills the company's compliance requirements under SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022.

Key Disclosure Details

The company's disclosure reveals important financial and operational parameters that determine its classification status:

Regulatory Compliance Framework

The disclosure confirms that Motor & General Finance Limited meets the criteria for classification as "Not a Large Corporate" under the SEBI framework. The company's outstanding borrowings as of March 31, 2025, based on provisional figures, remain below the Rs. 100 crores threshold that typically distinguishes large corporates from smaller entities.

The company has designated BSE Limited as the stock exchange where any potential fines would be paid in case of shortfall in required borrowings under the regulatory framework. This designation ensures clear compliance pathways for future regulatory requirements.

Corporate Governance Structure

The disclosure was executed by M.K. Madan, who holds dual responsibilities within the organization. Madan serves as both the VP, CS & Compliance Officer and Chief Financial Officer, demonstrating the company's streamlined management structure typical of smaller corporate entities.

Regulatory Significance

This initial disclosure represents Motor & General Finance Limited's adherence to SEBI's enhanced disclosure norms introduced in 2022. The regulations require entities to clearly identify their status regarding large corporate classification, ensuring appropriate regulatory oversight and compliance requirements are applied based on company size and borrowing capacity.

Motor & General Finance Limited has filed its annual disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no share pledging or encumbrance activities for the year ended March 31, 2026. The company and its promoter group submitted the mandatory regulatory filings to both BSE and NSE on April 6, 2026.

Regulatory Disclosure Filing

The disclosure was filed under Regulation 31(1) & 31(2) of SEBI takeover regulations, with separate confirmations from the company and promoter Rajiv Gupta. M.K. Madan, VP & CS & Compliance Officer, submitted the company's certification, while promoter Rajiv Gupta filed his individual declaration on behalf of himself and other promoters.

Promoter Group Holdings

The detailed disclosure reveals comprehensive promoter shareholding patterns across individual and corporate entities. Bahubali Services Limited holds the largest stake among promoter entities with 8,189,600 shares representing 21.15% of total share capital. Rajiv Gupta jointly with Arti Gupta holds 4,553,730 shares constituting 11.76% of the company.

Encumbrance Status Confirmation

All promoter group members, including 22 individual and corporate entities, confirmed zero encumbrance on their shareholdings. The disclosure covers various promoter categories including individual promoters like Anjali Gupta, Arun Mitter, Ishan Verma, and corporate entities such as India Lease Development Limited, MGF Estates Limited, and Associated Traders & Engineers (P) Limited.

Corporate Information

Motor & General Finance Limited operates from MGF House, 4/17-B, Asaf Ali Road, New Delhi-110002, with corporate identification number L74899DL1930PLC000208. The company maintains its website at www.mgfltd.com and operates under GSTIN 07AAACT2356D2ZN. Rajiv Gupta, the key promoter, is based at 50, Golf Links, New Delhi-110003.

Regulatory Framework

The filing represents compliance with SEBI's takeover regulations that mandate annual disclosures regarding share pledging and encumbrance by promoters and promoter groups. Regulation 31(1) & 31(2) specifically requires listed companies and promoters to disclose any pledging or encumbrance of shares, ensuring market transparency and investor protection through comprehensive reporting of substantial shareholding activities.