Kushal Suri 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.
BLUECOAST · price
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Kushal Suri, a member of the promoter/promoter group of Blue Coast Hotels Limited, has submitted a disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of shares encumbered (pledged) with lenders or other parties. The filing itself is a procedural submission and the detailed contents (such as number of shares pledged, percentage, or any change in encumbered holdings) are not included in the headline. Investors should review the actual disclosure document for specific figures and the nature of the encumbrance.
This is a routine regulatory disclosure filing and, on its own, does not indicate any adverse action. Shareholders should check the attached disclosure for details on pledged shares, as a rise in pledged holdings could be a concern about promoter leverage.