ANIL CHOUDHARY 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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Awaiting price reaction for this filing.
Anil Choudhary, Promoter and CMD of Commercial Syn Bags Limited, has submitted a Regulation 31(4) declaration to the stock exchanges for FY ended 31st March 2025. He confirms that he and his Persons Acting in Concert (PAC) have not created any encumbrance (pledge/lien) on the company's securities during the year. The only restrictions on shares are regulatory lock-ins: 17,97,825 shares held by Anil Choudhary and 12,23,300 shares held by Pramal Choudhary (PAC) are locked-in until 31st August 2025 due to a prior preferential issue. Additionally, 2,50,000 warrants each were allotted to both promoters at Rs. 72 each (convertible into equity shares within 18 months from allotment, with lock-in until 19th March 2026).
This is a routine annual compliance filing and is largely neutral. It reassures shareholders that promoters have not pledged their holdings, which is positive for stability. The existing lock-ins and unexercised warrants mean a large chunk of promoter holdings is restricted from sale until at least mid-2025, reducing near-term supply overhang on the stock.