Announced Tue, 16 Jun · 18:36 IST
Promoters declare no encumbrance on shares for FY2025-26
Compliance View source PDF
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Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
₹31.90
prior close
₹31.90
base price
After-mkt
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+0.3-2.0+1.3+1.4-6.9-0.5+0.3+0.1+4.2-13.8-9.2-9.1——
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AI summary
Brijgopal Bang, on behalf of the Promoter and Promoter Group of Bang Overseas Limited, submitted a declaration under SEBI Regulation 31(4) confirming that no encumbrance was created or invoked on the company's equity shares held by promoters during the financial year ended March 31, 2026. A list of 29 individual promoters and one entity (Bodywave Fashions India Pvt Ltd) was enclosed.
Likely market impact
Reassuring for shareholders — no promoter shares are pledged or encumbered, eliminating risk of forced selling and signaling promoter confidence.