Morarjee Textiles Limited — Others, 26-06-2025: Disclosure under SEBI Takeover Regulations
26-06-2025 | 08:20 pm
26-06-2025 | 08:20 pm
Morarjee Textiles Limited is under Corporate Insolvency Resolution Process, with its operations managed by the appointed Resolution Professional. The promoter and promoter group, including Rajeev Ashok Piramal and associated individuals/entities, have confirmed no encumbrance on their shares during the financial year. Total promoter holdings remain intact at disclosed levels, indicating no fresh pledging or charge on shares. This stability in promoter shareholding reduces concerns over potential liquidity or control risks, which is positive for shareholders monitoring governance amid the ongoing insolvency resolution.
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