Deepak Bansal 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.
CANTABIL · price
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Deepak Bansal, a promoter of Cantabil Retail India Limited, has submitted an annual disclosure to the stock exchanges as required under Regulation 31(4) of SEBI (SAST) Regulations, 2011 for the financial year ended March 31, 2025. In the letter, he confirmed that he has not created any encumbrance, directly or indirectly, on his shares in the company during the financial year. He further confirmed that as on March 31, 2025, nil shares of the company are encumbered or pledged by him. This is a routine annual compliance filing submitted to both BSE and NSE.
This is a routine, neutral-to-slightly-positive regulatory filing. The disclosure confirms that the promoter has not pledged or encumbered any of his shares, signalling financial stability and no immediate risk of forced selling. Investors typically view such clean pledge positions as a positive sign of promoter confidence.