Bharat Rasayan Limited 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.
BHARATRAS · price
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Bharat Rasayan Limited has submitted the annual Regulation 31(4) declaration to NSE on behalf of its three main promoters — Sat Narain Gupta, Mahabir Prasad Gupta, and Rajender Prasad Gupta. Each promoter has confirmed that they and their promoter group entities have not created any new encumbrance (pledge or charge) on their shares during the financial year ended March 31, 2026, other than what was already disclosed. The filing also lists the shareholding of each promoter group: Sat Narain Gupta group holds 72,82,808 shares (43.82%), Mahabir Prasad Gupta group holds 28,71,132 shares (17.27%), and Rajender Prasad Gupta group holds 23,14,952 shares (13.93%). Combined promoter shareholding stands at about 75% of paid-up capital. This is a routine annual compliance filing required by SEBI.
This is a routine regulatory compliance disclosure and is neutral for shareholders. It reassures the market that promoters have not pledged additional shares during the year, which is mildly positive as it reduces concerns over forced selling risk.