We are enclosing herewith the declaration under Regulation 31(4) of the SEBI Regulations 2011 for the financial year ended 31st March 2025 received from Mr Mueed Khader, promoter of the ....
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Awaiting price reaction for this filing.
Cranes Software International has submitted a regulatory declaration to the Bombay Stock Exchange confirming compliance with SEBI's takeover regulations. The declaration was made by Mr. Mueed Khader, a Director and Promoter of the company, on behalf of the entire Promoter Group and Persons Acting in Concert (PAC). The key statement is that no encumbrance — direct or indirect — has been created on the shares held by the promoters during the financial year ended 31st March 2025. The letter was signed on 22nd April 2025 and submitted to BSE on 29th April 2025.
This is a routine annual compliance filing. It is mildly reassuring for shareholders as it confirms that the promoters have not pledged or encumbered their shares, meaning no forced selling pressure from the promoter side during FY25. No immediate stock price impact is expected.