Bimal R. Thakkar� �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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Awaiting price reaction for this filing.
Bimal R. Thakkar, part of the Promoter/Promoter Group of ADF Foods Limited, has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. He has declared that he, along with all Persons Acting in Concert (PAC), have not created any new encumbrance (pledge, lien, or otherwise) on the company's shares during FY 2024-25, other than what was already disclosed earlier. The filing also confirms compliance with the relevant SEBI circular dated 7th August 2019. Annexure I lists the PACs, which include family members, an HUF, and a related LLP, all confirmed to belong to the Promoter group.
This is a routine regulatory compliance filing. It signals that the promoter group has not added any new pledges or encumbrances on their holdings, which is mildly positive for shareholders as it suggests no incremental financial stress on the promoter side during the year.