Bharat Road Network 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.
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Awaiting price reaction for this filing.
Promoter and promoter group entities of Bharat Road Network Limited — Manufacturing Value Addition Fund (Make In India Fund) and Srei Venture Capital Trust (Infrastructure Project Development Capital and Fund) — have filed annual disclosures under SEBI's Takeover Regulations. Each entity has confirmed that they have not created any new encumbrance (pledge, lien, or similar charge), directly or indirectly, on their shares of the company during the financial year ending 31 March 2025, other than what was already disclosed earlier. The disclosures were submitted to both BSE and NSE in early April 2025 as a routine year-end compliance filing.
This is a routine regulatory confirmation with no new negative information — promoters have not pledged additional shares or created fresh encumbrances, which is mildly reassuring for shareholders concerned about promoter stake risk.