Concord Enviro Systems 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.
Concord Enviro Systems has filed its annual disclosure for FY25 (year ended March 31, 2025) under SEBI's takeover regulations. The company confirmed that the promoter and promoter group have not created any encumbrance (pledge, lien, or charge) on their shares, directly or indirectly, as of the financial year end. The disclosure is signed by Managing Director Prayas Goel and Executive Director Prerak Goel on behalf of the entire promoter group, which includes 31 body corporates/LLPs and 16 individuals.
This is a routine annual compliance filing and a neutral-to-positive signal for shareholders, as it confirms that no promoter shares are currently pledged or under any encumbrance, reducing concerns over forced selling risk from the promoter group.