Finquest Financial Solutions Pvt Ltd 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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Finquest Financial Solutions Pvt Ltd, as authorised representative on behalf of all promoters and persons acting in concert of Digjam Limited, has submitted a nil disclosure for the financial year ended March 31, 2026. The disclosure confirms that none of the promoters or promoter group entities — including Finquest Financial Solutions Pvt Ltd, Hardik Bharat Patel, Minal Bharat Patel, Ballarpur Industries Limited, and Amartaru Hospitality Private Limited — have created any encumbrance (pledge, lien, or similar restriction) over the company's shares during the year. This is a routine regulatory filing under SEBI takeover regulations requiring promoters to declare share encumbrance status annually.
A nil encumbrance disclosure is broadly neutral to positive for shareholders, as it indicates promoters have not pledged their shares, reducing the risk of forced selling pressure. This confirms promoter confidence in the company with no debt-backed share restrictions.