KBCGLOBAL : Naresh Karda 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.
DHARAN · price
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Awaiting price reaction for this filing.
Naresh Karda, on behalf of all promoters and promoter group members of KBC Global Limited, has submitted a year-end disclosure to the stock exchanges confirming that no member of the promoter or promoter group has created any new encumbrance (pledge, lien, or charge) on their shares during the financial year ended March 31, 2025, other than what was already disclosed earlier. The disclosure is filed under Regulation 31(4) read with 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and is a routine annual compliance requirement. A list of 9 promoter and promoter group individuals has been provided along with the filing. The note that the filing is digitally signed by Naresh Karda on April 7, 2025.
This is a routine regulatory filing and is mildly positive for shareholders, as it confirms promoters have not pledged any additional shares during the year, reducing concerns about hidden financial stress at the promoter level. It is unlikely to cause any meaningful movement in the stock price.