Dislosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011
Awaiting price reaction for this filing.
Vijay Patel (Promoter, Proprietor of Vama Corporation) has submitted a declaration under Regulation 31(4) of SEBI (SAST) Regulations, 2011 on behalf of the Promoter and Promoter Group. The declaration confirms that no share encumbrance (pledge/mortgage) was made, directly or indirectly, during the financial year ended March 31, 2026. The company is in a complex restructuring phase — the Resolution Plan approved by NCLT in August 2022 cancelled old shares (reduced from 9,12,95,775 to 6,82,185), and new shares (1,12,10,000 total) were allotted but are yet to be listed or dematerialized. Old promoter shareholding is NIL per the resolution plan, though pending listing approval means old records still appear in depositories.
No encumbrance by the promoter group is positive as it signals no pressure or collateral claims on shares, but the unresolved listing status keeps the stock in a limbo, preventing any new shareholding pattern from taking effect.