The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 19, 2025 for Iftikharul Amin & Others
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Awaiting price reaction for this filing.
Promoter Veqarul Amin, along with co-promoters Iqbal Ahsan, Iftikharul Amin, Sophia Amin and Ismat Iqbal, has informed the BSE that equity shares previously encumbered by them have been released by SBICAP Trustee Company Limited. The disclosure has been filed in revised form under SEBI's takeover regulations. Encumbered shares refer to promoter shares that were pledged as collateral and have now been freed by the lender/trustee. The exact share counts and revised encumbered totals are not clearly legible in the attached Annexure due to document quality.
Positive for shareholders – the release of pledged promoter shares reduces the risk of forced liquidation or margin-call selling, signalling improved financial flexibility or repayment of obligations by the promoter group.