Snehdeep Aggarwal 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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Snehdeep Aggarwal on behalf of Bhartiya International's promoters and promoter group has filed a nil-encumbrance declaration with NSE/BSE. The filing confirms that no pledge, lien, or charge was created on promoter shares during the financial year ending 31 March 2026. It further states that as of the filing date, none of the shares held by the promoter group are encumbered. The disclosure covers a large promoter group of 39 entities, including individuals, private companies, LLPs, and persons acting in concert (PACs). This is a periodic compliance filing required under SEBI's substantial acquisition regulations.
A nil-encumbrance declaration is broadly positive for shareholders as it signals that promoter holdings are free of pledge-related risk, reducing the possibility of forced sale pressure from margin calls.