Commercial Syn Bags Limited 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.
The company's promoters — Anil Choudhary, Mohan Lal Choudhary, and Super Sack Pvt. Ltd. — have submitted their yearly declaration under Regulation 31(4) of the SEBI Takeover Regulations for FY ended 31 March 2025. All three promoters confirmed that they have not created any encumbrance (pledge or similar charge) on the company's shares during the year. However, several shares held by promoters and persons acting in concert (PACs) remain under lock-in until 31 August 2025 due to a prior preferential issue, totalling roughly 72.9 lakh shares across the promoter group. Additionally, warrants were allotted to the promoters and PACs at Rs. 72 each, convertible into equity shares within 18 months (by 19 September 2026) and under lock-in until 19 March 2026. The company has only forwarded copies of these disclosures to the exchanges for record.
This is a routine compliance filing with no negative news — no new pledges or encumbrances have been created on promoter shares, which is reassuring for shareholders. The warrants could dilute equity if converted, but conversion would happen at Rs. 72 per share and is at the promoters' discretion.