D. P. Abhushan 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.
DPABHUSHAN · price
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Awaiting price reaction for this filing.
Vikas Kataria, Karta of Vikas Ratanlal Kataria HUF, has submitted a declaration on behalf of the promoters and promoter group of D. P. Abhushan Limited to NSE and BSE. Under SEBI's Takeover Regulations, promoters are required to annually confirm whether they have created any new encumbrance (such as a pledge or lien) on the company's shares. In this filing, the promoter has confirmed that neither the HUF nor any person acting in concert has created any new encumbrance on the equity shares of D. P. Abhushan Limited during FY 2024-25. A detailed annexure listing all promoters, promoter group individuals, HUFs, LLPs and promoter-group entities covered by the declaration has also been submitted.
This is a routine compliance filing and is neutral for shareholders. It reassures investors that promoters have not pledged or otherwise encumbered their shares during the year, which removes one potential concern about forced selling or margin calls.