Punjab National Bank has informed stock exchanges that the Government of India, its promoter, did not create any pledge or encumbrance on its shareholding in the bank during the financial year ended March 31, 2026.
The disclosure was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters of listed companies to disclose any creation or invocation of encumbrance on shares held by them to the stock exchanges within seven working days.
The Government of India holds 70.08 per cent of the paid-up share capital of Punjab National Bank. The bank confirmed that no direct or indirect encumbrance was made by the promoter during the year ended March 31, 2026. The promoter's shareholding in the bank remains free of any pledge or charge.
The disclosure covers the period from April 1, 2025, to March 31, 2026. The bank submitted this confirmation to both the National Stock Exchange of India and BSE Limited, where its equity shares are listed under scrip code 532461.
The disclosure was signed by Bikramjit Sborn, Company Secretary of Punjab National Bank, and is dated April 4, 2026. Under Regulation 31(5) of the SEBI Takeover Code, the promoter is required to certify that the details provided in the disclosure are correct and complete.
The requirement to disclose encumbrance on promoter shareholdings is part of the SEBI Takeover Code's framework to ensure transparency in the shareholding structure of listed companies. Any creation of pledge, lien, or other charge on promoter shares must be promptly reported to the exchanges.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.