Declaration Under Regulation 31(4) read with regulation 31(5) of SEBI
Awaiting price reaction for this filing.
United Textiles Limited's promoter Vivek Aggarwal has filed a declaration under SEBI Regulation 31(4) confirming that no encumbrance (pledge or charge) was created or invoked on the promoters' equity shares during the financial year ending March 31, 2026. The disclosure covers all 35 members of the Promoter and Promoter Group including Persons Acting in Concert (PAC). This is a routine regulatory compliance filing required under SEBI's Takeover Regulations, which mandates periodic disclosure of share pledging by promoters.
A no-encumbrance declaration is generally positive for shareholders as it indicates promoters have not leveraged their shareholding for loans, reducing the risk of forced share sales. It suggests promoter confidence in the company's financial position without requiring collateral against their equity.