Devendra Khemka For and on behalf of Jyotsna Poddar 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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Chambal Fertilizers has informed the exchange that Devendra Khemka, on behalf of Jyotsna Poddar (a promoter group member), has submitted a disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation deals with disclosures related to encumbrance (pledging) of shares held by promoters. The announcement itself does not specify the exact nature of the change — whether it is a pledge creation, invocation, or release, or the quantum of shares involved.
The disclosure relates to encumbrance on promoter-held shares, but without details of the direction and size of the change, investors should await the full disclosure document to gauge any implication for promoter stake security or stock price.