Attached is the Annual Disclosure received by the Company from its Promoters/ Promoter Group under Regulation 31(4) of SEBI (SAST), Regulations, 2011, as amended for F.Y. ended 31.03.2025.
Awaiting price reaction for this filing.
Promoter Kamlesh R. Khokhani, on behalf of himself and the promoter group, has filed the annual disclosure required under Regulation 31(4) of SEBI's Takeover Regulations for the financial year ended March 31, 2025. The promoter group collectively holds 23,32,869 equity shares, representing 42.98% of the company's share capital as on March 31, 2025. Importantly, the promoters have declared that no encumbrance (pledge, lien, or similar charge) was created on their shares, directly or indirectly, during the entire financial year. The disclosure is signed by Jitesh R. Khokhani, Whole Time Director, and submitted to BSE on April 5, 2025.
This is a routine annual compliance filing with no negative action — the promoter group has neither pledged shares nor sold/added to their stake during the year. For shareholders, the key takeaway is that promoters hold 42.98%, which is below the 50% majority threshold, meaning they do not have complete control and any future acquisition needs to comply with creeping acquisition limits under SEBI takeover rules.