Promoters Disclosure under Reg 31(4) of SEBI (SAST) Regulations, 2011 for the Financial Year ended 31.03.2025
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Ajcon Global Services Ltd has submitted the yearly disclosure required under Regulation 31(4) of the SEBI Takeover Code for the financial year ended 31 March 2025. The disclosure was made by the promoter, Mr. Ashok Ajmera, on behalf of himself, the promoter group, and persons acting in concert (PAC). In the disclosure, the promoter confirmed that no encumbrance (i.e., no pledge, lien, or charge) was created on any of their shares, either directly or indirectly, during the entire financial year. The letter was signed by Kaushal Shukla, Company Secretary & Compliance Officer, and is purely a routine regulatory compliance filing.
This is a neutral, routine compliance filing. For shareholders, the key takeaway is that the promoter's stake remains free of any pledges or encumbrances, which removes one potential risk factor related to forced selling of promoter shares.