�Rajendra Kumar Gupta�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.
STYLEBAAZA · price
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Awaiting price reaction for this filing.
Rajendra Kumar Gupta, a Promoter of Baazar Style Retail Limited, has submitted a declaration to the stock exchanges under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The declaration, made on behalf of himself and the related Promoter Group, confirms that no shares of the company were encumbered (i.e., pledged, liened, or otherwise charged) directly or indirectly during the financial year ended 31st March 2025. This is a routine annual compliance filing required from promoters of listed companies.
This is a neutral-to-mildly positive regulatory disclosure — it confirms promoters have not pledged any shares as collateral, suggesting no immediate financial stress on the promoter group. No material impact on stock price is expected from this routine filing.