Amit Mangilal 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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Amit Mangilal Jain, associated with Arkade Developers, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters who have made earlier disclosures to confirm whether any encumbrance (such as a pledge) has been created or disposed of on their shareholding. The filing does not specify the nature of the disclosure — whether shares were pledged, released, or if the declaration is simply a routine nil submission. No changes to shareholding percentages, pledge values, or specific encumbrance details are provided in the headline.
Without the actual disclosure details, it is unclear whether this affects promoter holding or any encumbrance on shares. Investors should wait for the full disclosure document to understand if there is any pledge creation, release, or change in the promoter's encumbered holdings.