Declaration under 31(4) & 31(5) of the SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011 are not applicable to our company
Awaiting price reaction for this filing.
Omkar Overseas Ltd has written to BSE stating that the provisions of Regulation 31(4) and 31(5) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011 do not apply to the company. The reason given is that there is no identifiable promoter of the company as on 31st March 2025. These regulations normally require promoters to disclose details of pledged or encumbered shares and any changes in their shareholding. The letter is signed by Bhavinkumar Arvindkumar Patel, who serves as both Company Secretary and CFO of the company.
This is a routine compliance filing with no direct impact on shareholders or the stock price. However, the absence of an identifiable promoter is a notable point for investors to be aware of, as it may reflect on the company's governance structure.