Deepak Garg has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Deepak Garg has submitted a declaration confirming that during FY 2025-26, no encumbrance (pledge) was created, invoked, or modified on the equity shares held by promoters, promoter group members, or persons acting in concert. This is a standard compliance filing under SEBI regulations requiring promoters to disclose pledge-related activities on their shareholdings. The declaration covers all such shares and references only encumbrances that were already disclosed to the stock exchanges during the year.
This is a neutral-to-positive disclosure confirming no fresh pledge activity by promoters during the year. It provides shareholders assurance that promoter shareholdings remain unencumbered, which is viewed favorably as it reduces risk of forced selling.