Disclosure Under Regulation 31(4) of SEBI (SAST) Regulations, 2011
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Awaiting price reaction for this filing.
Divyashakti Limited has responded to BSE's query regarding non-submission of a declaration under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011 for FY ended 31st March 2025. The company clarified that its promoters were not required to file this declaration because there were no encumbrances (such as pledges or liens) on the shares held by promoters — either in the current financial year or any previous year. Regulation 31(4) only mandates filing when promoter shares are encumbered. As a good governance practice, the company has voluntarily enclosed the disclosure in the format prescribed under Regulation 31(1) and (2) of the SAST Regulations. The letter is signed by Managing Director Hari Hara Prasad Nallapati.
This is a routine regulatory clarification with no negative implications. The fact that promoter shares carry no encumbrance is a neutral-to-slightly-positive signal, indicating promoters have not pledged their holdings as collateral. Shareholders should see no material impact on the stock price from this filing.