Paras Shantilal Savla 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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Awaiting price reaction for this filing.
Parasbhai Shantilal Savla, along with the promoter, promoter group, and persons acting in concert, has filed an annual declaration with BSE and NSE confirming that they collectively hold 4,06,33,694 equity shares (63.49%) in Deep Industries Limited as of March 31, 2025. The declaration further confirms that no encumbrance (pledge, lien, or charge) has been created, directly or indirectly, on their shareholdings during the financial year ended March 31, 2025. The promoter group includes 14 individuals and entities, including two family trusts. The disclosure is a routine annual compliance filing under SEBI's takeover regulations.
This is a positive, routine disclosure for shareholders — it confirms that the promoter group, which holds a majority 63.49% stake, has not pledged or encumbered any of their shares during the year, indicating no immediate governance or liquidity risk from the promoter side. No material impact on stock price is expected from this filing.