Nitin Bhandari 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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Nitin Bhandari, a promoter of Bhandari Hosiery Exports, has submitted to NSE a copy of a disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This regulation specifically applies to disclosures regarding shares encumbered (pledged) by promoters. The filing does not include the actual details of the disclosure, so the specific nature—whether it relates to pledge levels, invocation, release, or a change in encumbrance—is not determinable from the headline alone. Shareholders would need to view the attached document to know what changed in the promoter's pledged share position.
Since this is a promoter-side compliance filing related to pledged shares, it signals that there is some movement or disclosure requirement on the promoter's encumbered holdings. Investors should check the attached disclosure for any increase in pledged shares, invocation, or release, as these can affect risk perception around promoter margin or share liquidity.