North East Financial Inclusion Trus 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.
BANDHANBNK · price
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Awaiting price reaction for this filing.
North East Financial Inclusion Trust, the promoter of Bandhan Bank, has filed a declaration under Regulation 31(4) of SEBI's Takeover Regulations. The disclosure confirms that the promoter has never created any encumbrance — such as a pledge, lien, or charge — directly or indirectly, on the equity shares of Bandhan Bank since the bank's inception. This covers the financial year ended 31st March 2025 as well. The filing is essentially a clean, no-encumbrance confirmation submitted by the trustee.
This is a positive signal for shareholders, confirming that no promoter shares are pledged or locked as collateral, reducing concerns over forced selling or margin call risks. It reinforces promoter confidence and financial stability, though it is a routine compliance filing with no direct effect on stock price.