Umesh Satishkumar Uttamchandani 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.
DEVX · price
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Umesh Satishkumar Uttamchandani, Promoter of Dev Accelerator Limited, has filed a declaration under SEBI Regulation 31(4) confirming that neither he nor any member of the Promoter and Promoter Group (totaling 53 entities including individuals, companies, LLPs, and entities like Dev Information Technology Limited, Finex Accounting Services Private Limited, and others) created any encumbrance on their shares during the financial year 2025-2026. This is a routine compliance filing where promoters confirm the status of their share pledges to the stock exchanges. The disclosure covers a large promoter group spanning multiple family members and related corporate entities.
This is a neutral or slightly positive disclosure for shareholders. The absence of encumbrances indicates the promoter group has not pledged their shares for loans, which reduces risk of forced sale or dilution. The company trades under script code 544513 and symbol DEVX.