Disclosure under Reg 31(4) of SEBI SAST Reg 2011
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Awaiting price reaction for this filing.
Promoter Mr. Pawan Kumar Mittal filed the annual declaration under SEBI Takeover Regulations confirming that no member of the promoter and promoter group (including persons acting in concert) has created any encumbrance (pledge, lien, or otherwise) on their shares during the financial year ended March 31, 2025. Total promoter group shareholding stands at 27,10,630 shares, or 59.47% of the company's paid-up capital, with Pawan Kumar Mittal holding 30.99%, Kiran Mittal 19.01%, Rukmani Devi Mittal 9.22%, and the two HUF entities holding a combined 0.25%. The disclosure is a routine annual compliance requirement triggered by the company's promoter holding crossing the 20% threshold. The company has also changed its name to Afloat Enterprises Limited.
This is a routine compliance filing with no material impact on shareholders – it confirms promoters have not pledged or otherwise encumbered their shares during the year, which is a neutral-to-positive sign of stability in promoter holding.