Sameer Manchanda 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.
DEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sameer Manchanda, along with other members of the promoter group of Den Networks Limited, has submitted a declaration to the stock exchanges as required under SEBI's Takeover Regulations. The declaration confirms that the promoter group entities — Sameer Manchanda, Kavita Manchanda, Sanjeev Manchanda, Vandana Manchanda, Lucid Systems Private Limited, and Access Equity Private Limited — have not created any encumbrance (such as pledge or lien) on their shares in Den Networks at any time during the financial year 2024-25. This is a routine annual compliance filing mandated for promoters of listed companies. The declaration covers all promoter group holdings, both direct and indirect.
This is a routine compliance filing and is mildly positive — it signals that promoters have not pledged their shares, which removes a potential concern about liquidity stress or forced selling. It is unlikely to cause any significant movement in the stock price.