Creative Eye 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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Creative Eye Limited has filed yearly disclosures under SEBI Regulation 31(4) for the financial year ended March 31, 2026. The filings confirm that no encumbrance was created on the shares held by the promoter group. Key context: Mr. Dheeraj Kumar Kochhar, former promoter, passed away on July 15, 2025. As a result, his shares and those held by the Creative Eye Limited Employees Welfare Trust have been frozen by regulatory authorities due to pending compliance requirements and ongoing management changes. The transmission of shares to his legal heir (Zuby Kochhar) is still pending. Zuby Kochhar has filed disclosures in three capacities: as legal heir, as trustee of the Employees Welfare Trust, and as promoter. All confirm no encumbrance was placed on shares during the year.
This is a routine regulatory confirmation that no pledge or encumbrance was created on promoter shares. The freezing of shares due to the deceased promoter's estate being unsettled could affect voting rights and future ownership structure until transmission is completed.