Kamal Khushlani 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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Kamal Khushlani, Promoter of Credo Brands Marketing Limited, has filed a compliance disclosure with BSE and NSE confirming that the Promoters and Promoter Group, along with persons acting in concert (PAC), have not made any encumbrance (pledge) on their shares during the Financial Year ended March 31, 2026. This is a mandatory filing under SEBI's substantial acquisition regulations requiring promoters to disclose share pledges. The filing specifically states there was no direct or indirect encumbrance on shares during the period.
Positive signal for retail investors as it confirms promoters have not pledged their shares, indicating strong promoter confidence and low risk of forced selling from margin calls. No immediate impact on stock price expected from this routine compliance filing.