Devoted Construction Limited has informed the exchange regarding disclosure under Reg 31(4) of SEBI (Substantial Acquisition of shares and Takeovers ) Regulation,2011.
Awaiting price reaction for this filing.
Devoted Construction Limited's promoter Suresh Bohra, acting on behalf of all promoters and Persons Acting in Concert (PAC), has filed a declaration under Regulation 31(4) of the SEBI Takeover Regulations with BSE. The promoter has confirmed that no encumbrance was created, directly or indirectly, on the equity shares held by them in the company during the financial year ended March 31, 2025. As on 31st March 2025, zero (NIL) equity shares of the company are encumbered or pledged by the promoters. This is a routine annual compliance disclosure required by SEBI to keep the exchange informed about any pledging or encumbrance on promoter shareholdings. The company is listed on BSE under scrip code 542002.
This is a routine, neutral-to-mildly positive compliance filing. It signals that promoters have not pledged their shares as collateral, which reduces the risk of forced selling in the market. Shareholders should view this as a standard disclosure with no material change to the company's fundamentals.