MOHAN LAL 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.
Mohan Lal Choudhary, promoter of Commercial Syn Bags Limited, has filed the annual declaration under SEBI Takeover Regulations confirming that he and persons acting in concert (PAC) did not create any encumbrance (pledge, lien, etc.) on the company's shares during the financial year ended 31st March 2025. Certain shares are noted as under regulatory lock-in due to a prior preferential issue: 19,17,000 shares held by Mohan Lal Choudhary and 11,53,800 shares held by Ravindra Kumar Choudhary (PAC) are locked-in until 31st August 2025. Additionally, both promoters hold 2,50,000 warrants each (allotted at Rs. 72 each, convertible into equity of Rs. 10 face value at Rs. 62 premium), which are locked-in until 19th March 2026 and convertible by 19th September 2026. The filing is a routine annual compliance disclosure and not a new transaction.
This is a routine regulatory compliance filing with no new material action — no pledge, sale, or acquisition has occurred. Shareholders should note that a large block of promoter and PAC shares (over 30 lakh shares) and warrants will be released from lock-in starting late August 2025, which could increase the floating supply in the market over the coming months.