Santosh Kumar Bajaj 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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Awaiting price reaction for this filing.
Santosh Kumar Bajaj, identified as a person connected with Barak Valley Cements Limited, has submitted a disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and persons acting in concert to disclose details of shares they have encumbered (pledged) with lenders or other parties, including any changes in such encumbrance. The filing confirms only that the disclosure was submitted; the actual details of pledged shares, changes in quantity, or encumbrance percentage are not visible in this announcement.
The impact on shareholders is unclear from this announcement alone. Reg 31(4) disclosures are routine regulatory filings related to pledged shares, and the nature (new pledge, release, or invocation) will determine whether this is positive, neutral, or negative for the stock.