Akshar Spintex Limited 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.
AKSHAR · price
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Akshar Spintex Limited has filed its annual disclosure confirming that the promoters and promoter group have not created any encumbrance (pledge) over their shares during the financial year ended March 31, 2026. This is a standard regulatory filing required under SEBI regulations where promoters declare their pledge status. The company submitted this disclosure to both BSE (Scrip Code: 541303) and NSE (Scrip Code: AKSHAR). Harikrushna S. Chauhan, a promoter, signed the declaration on behalf of all promoters of the company.
This is a positive confirmation for investors as it shows promoters have not pledged their shares, which removes the risk of forced selling pressure from pledge invocation. The stock does not face immediate promoter-level overhang from encumbered shares.