Pradeep Kumar Kheruka 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.
BORORENEW · price
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Pradeep Kumar Kheruka, on behalf of himself and other promoters of Borosil Renewables Limited, has submitted a confirmation to the exchanges regarding share encumbrances. The disclosure confirms that the promoters and persons acting in concert (PAC) have not created any encumbrance on the equity shares held by them during the financial year ended March 31, 2026. As of March 31, 2026, NIL (zero) equity shares of Borosil Renewables Limited are encumbered or pledged by the promoters. This is a routine regulatory filing under SEBI's takeover regulations requiring annual confirmation from promoters about the status of their shareholdings.
This is a positive disclosure for investors as it confirms that promoter shares carry no pledge or encumbrance, reducing the risk of potential forced selling that could pressure the stock price. It indicates promoter confidence in the company without leveraging their holdings.