Vijay Rathee 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.
ASKAUTOLTD · price
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Seven members of the ASK Automotive Limited promoter group — Vijay Rathee, Kuldip Singh Rathee, Prashant Rathee, Aman Rathee, Kanika Rathee, Vijeta Rathee, and Sarla Chahal — have filed separate disclosures with BSE and NSE confirming that they have not created any encumbrances (pledges) on their shareholdings in the company during the financial year 2025-26. This is a periodic regulatory filing required under SEBI's Takeover Regulations, where promoters must declare their pledge-free status annually. The filings collectively cover all major promoter group members and indicate no new borrowing against shares during this period.
No pledge encumbrances reported by the promoter group is a positive signal for minority shareholders, as it reduces the risk of forced share sales that could depress the stock price.