Nikhil 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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Nikhil Aggarwal, who is part of the promoter group of Campus Activewear, has submitted a disclosure to the exchange under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation requires promoters to disclose details of shares they have encumbered (pledged) with lenders. The filing itself is a routine compliance submission and indicates that the promoter continues to hold shares that may be pledged. No specific details about the number of shares pledged, any invocation, release, or change in encumbrance have been provided in this headline.
This is a routine regulatory disclosure and, by itself, does not indicate any adverse action on pledged shares. Shareholders should wait for the actual disclosure details or any follow-up filing to understand if there is any meaningful change in the promoter's encumbered holdings.