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.
BOROLTD · price
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Pradeep Kumar Kheruka, a promoter of Borosil Limited, has filed a declaration confirming that the promoters and persons acting in concert have not created any encumbrance (pledge, lien, or charge) on their equity shares during the financial year ended March 31, 2025. The filing further confirms that as on March 31, 2025, the number of equity shares of Borosil Limited encumbered by the promoter group stands at NIL. The disclosure covers 11 persons/entities acting in concert, including family members and promoter-group LLPs and companies such as Gujarat Fusion Glass LLP, Spartan Trade Holdings LLP, Borosil Holdings LLP, and Croton Trading Private Limited.
This is a positive disclosure for shareholders — it confirms the promoter group holds its stake completely free of any pledge or encumbrance, eliminating concerns about forced selling or margin-call risk and signaling financial stability of the promoter group.