GSEC Limited 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.
GSEC Limited, one of the promoters of Diamond Power Infrastructure Limited, has submitted an annual declaration to the stock exchanges as required under Regulation 31(4) of SEBI's Takeover Regulations, 2011. The declaration, made on behalf of 10 individuals and entities acting as promoters or persons acting in concert, confirms that no new encumbrances (such as pledges or charges) have been created on the promoter's shares during the financial year ended March 31, 2025, other than those already disclosed earlier. This is a routine yearly compliance filing that promoters of listed companies are required to make. The declaration is signed by Shaishav Rakeshkumar Shah, Joint Managing Director of GSEC Limited, covering the Shah promoter group and related entities.
This is a routine regulatory compliance filing and not an actionable corporate event. It reassures shareholders that the promoter group has not added any new encumbrances on their shares, indicating stability in promoter shareholding, but it is unlikely to have a direct impact on stock price.