Yoginkumar H. Patel 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.
AKASH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Yoginkumar H. Patel, on behalf of the promoter and promoter group along with persons acting in concert, has filed the annual disclosure required under SEBI Takeover Regulations for the financial year ended March 31, 2025. The promoter group holds a total of 1,25,77,468 equity shares of Akash Infra-Projects Limited, spread across 22 individuals and one related entity (Akash Residency and Hospitality Private Limited). The filing explicitly states that no encumbrance (pledge, lien, or charge) was created directly or indirectly on these shares during the financial year. The disclosure was submitted to NSE on April 4, 2025, and a copy was also marked to the company's audit committee.
This is a routine annual compliance filing, and the confirmation of 'no encumbrance' is mildly positive for shareholders, as it means promoters have not pledged any of their holdings during the year — reducing the risk of forced selling. No immediate impact on stock price is expected from this disclosure alone.