Amit M Jain 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.
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Awaiting price reaction for this filing.
Amit Mangilal Jain, Managing Director and Promoter of Arkade Developers, has filed a disclosure under SEBI's Takeover Regulations confirming that the promoter group did not create any encumbrance, pledge, or charge on their shares during the financial year ended March 31, 2025. He further confirmed that zero (NIL) shares held by the promoter and promoter group are currently encumbered or pledged. The attached shareholding details show Amit Mangilal Jain himself holds about 12.37 crore equity shares as the main promoter, while other promoter group members collectively hold around 1.08 crore shares, with several promoter group entities holding NIL shares.
This is a routine annual compliance filing and is a neutral-to-slightly-positive signal for shareholders, as it confirms that the promoter's stake is fully unencumbered with no hidden pledge risks. Investors can take comfort that there is no margin pressure or forced-sale risk arising from pledged promoter shares.