We are hereby submitting the undertaking for disclosure under Reg 31(4) of SEBI SAST Reg, 2011.
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Crystal Business System Ltd (formerly Sadhna Broadcast Ltd) submitted a compliance disclosure under SEBI's Takeover Regulations confirming that its promoters did not create any new encumbrance (pledge or lien) on company shares during the financial year ended March 31, 2026. The promoters named in the filing include Varun Media Pvt Ltd, Sadhna Media Pvt Ltd, Softline Media Network Pvt Ltd, Tajinder Kaur, Pooja Aggarwal, Shreya Gupta, Gaurav Gupta, and Saurabh Gupta. As of March 31, 2026, the total number of encumbered or pledged shares held by promoters stands at zero. The disclosure was signed by Managing Director Bal Mukund Tiwari and filed with both BSE and Metropolitan Stock Exchange on April 3-7, 2026.
This is a routine annual compliance filing. Zero pledged promoter shares means there is no hidden leverage or collateral risk tied to promoter holdings, which is mildly reassuring for shareholders but is unlikely to move the stock price.