Manoj Kumar Upadhyay 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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Manoj Kumar Upadhyay, on behalf of the promoter and promoter group of Acme Solar Holdings, has submitted an annual declaration under SEBI's Takeover Regulations. He confirms that the promoters and persons acting in concert have not created any encumbrance (such as pledge or lien) on their shares, directly or indirectly, during financial year 2024-25. This is a routine yearly compliance filing required from promoters of listed companies. The filing lists all promoter and promoter group entities, which include holding companies, family members, family trust, and various group companies.
This is a neutral-to-slightly-positive routine disclosure. Shareholders can take comfort that promoters have not pledged their shares as collateral during the year, meaning no new financial stress signals from the promoter group.