Gopikishan S. Damani 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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Gopikishan S. Damani, on behalf of promoters and PACs, has submitted a declaration under SEBI SAST Regulation 31(4) for the financial year ended 31st March 2026. The disclosure confirms that the main promoters and PACs have NOT created any encumbrance (pledge) on equity shares during the year. However, a separate member of the Promoter Group did create a pledge on the company's equity shares during FY 2025-26. This pledge was duly recorded in the depository system under System Driven Disclosure as per SEBI circular dated 7th March 2022 and was disseminated to stock exchanges.
The fact that a Promoter Group member (separate from main promoters) created a pledge could be a minor concern for investors regarding potential dilution of promoter group voting/ownership control, though the main promoters remain without encumbrances.