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 annual declarations under Regulation 31(4) of SEBI's Takeover Regulations for the financial year ending March 31, 2025. Three promoters — Sat Narain Gupta, Mahabir Prasad Gupta, and Rajender Prasad Gupta — along with their promoter group entities and persons acting in concert, have confirmed that no new encumbrances (such as pledges or liens) were created on their shares during the year, other than those already disclosed. The combined promoter group holds roughly 75% of the company's paid-up capital, with Sat Narain Gupta's group alone at about 43.8%, Mahabir Prasad Gupta's group at 17.3%, and Rajender Prasad Gupta's group at 13.9%. This is a routine annual compliance filing, not a transaction announcement.
No material impact on shareholders — this is a standard regulatory compliance filing. It reassures investors that promoters have not quietly pledged additional shares as collateral, but there is no change in ownership or control.