Nikul Jagdishchandra Patel 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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Promoter Nikul Jagdishchandra Patel has filed the annual declaration under SEBI Regulation 31(4) confirming that he, along with other promoters, promoter group members, and persons acting in concert, have not created any encumbrance (pledge or lien) on the company's shares during the financial year ended March 31, 2025. The filing also lists the shareholding of all promoters and promoter group entities, showing a total promoter holding of 55.68% (8,57,29,500 shares). The largest individual holder is Foram Nikul Patel at 46.47%, followed by Ravi Hemantkumar Patel at 8.58%, while Nikul Patel himself holds just 0.21%. The declaration indicates no new pledging activity and provides a snapshot of the promoter group's clean, unencumbered holdings as of year-end FY25.
This is a routine compliance filing and is mildly positive for shareholders — it confirms that no promoter shares have been pledged during the year, removing any near-term risk of forced selling from pledge invocation. No material change in promoter ownership or company operations is implied.