Bhagwan Prasad 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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Bhagwan Prasad, a promoter of Baazar Style Retail Limited, has submitted an annual declaration to the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration states that the promoter and promoter group have not created any encumbrance (pledge, charge, or lien) on the company's shares, directly or indirectly, during the financial year ended 31st March 2025. This is a routine yearly compliance filing required from promoters of listed companies. The document was also copied to the Audit Committee of the company.
This is a neutral, routine compliance filing. It reassures shareholders that the promoter group did not pledge or encumber any shares during the year, indicating no liquidity stress or collateral-related concerns at the promoter level for FY25.