Kalana Ispat Limited — Others, 27-06-2025: Disclosure under SEBI Takeover Regulations

KALANA Ispat’s promoters and promoter group confirmed that none of their shares were encumbered during the financial year ended March 31, 2025. The combined promoter holding includes key individuals and entities such as Varghese Joseph Pottakerry (16%), Aftabhusen S Khandwawala (15.63%), and Sadik Qureshi (10.6%), among others, totaling a substantial stake in the company. This clarity on shareholding stability is positive for investors as it reflects promoter confidence and lack of leveraged shares, reducing risk related to forced share sales or pledges.