Sudhir Shukla 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.
Sudhir Shukla, a promoter of B.A.G Films and Media Limited, has filed his annual disclosure under Regulation 31(4) of the SEBI Takeover Regulations with the exchanges. In the filing, he confirms that he holds 26,700 equity shares in the company as of March 31, 2025. Importantly, he has declared that he did not create any encumbrance (such as a pledge or lien) on his shares, directly or indirectly, during the financial year ended March 31, 2025. This is a routine yearly compliance requirement for promoters and is not triggered by any specific event.
This is a routine compliance filing with no material impact on the stock price. It simply reassures investors that the promoter has not pledged or otherwise encumbered his holdings, keeping his shares free from any lien.