In accordance of regulation 31 (1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeover) Regulation, 2011, Khaitan Chemicals & Fertilizers has informed that Shradha Projects (the Promoter of the Company) has Release 28,296,760 equity shares from State Bank of India and pledge the same equity Shares to SBICAP Trustee Company as a Trustee of State Bank of India on 15.12.2017.
The above information is a part of company’s filings submitted to BSE.