Jaspalsingh Chandock, Trimaan Chandock, Jaikaran Chandock�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.
BALUFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoters Jaspalsingh Chandock, Trimaan Chandock, and Jaikaran Chandock of Balu Forge Industries have filed an annual declaration under Regulation 31(4) of SEBI's Takeover Regulations with the stock exchanges. The declaration states that none of the promoters or promoter group entities created any encumbrance (pledge, lien, or charge) on the company's equity shares during the financial year ended 31st March 2025. The filing dated 3rd April 2025 is a routine annual compliance requirement for promoter group entities and confirms that no new shares were pledged as collateral during the year.
This is a routine annual compliance filing and is neutral to slightly positive for shareholders, as it confirms promoters did not pledge any additional shares as collateral during FY25, indicating no distress-related funding needs at the promoter level.