Please find enclosed the annual disclosure under regulation 31(4) of SEBI (SAST) Regulation 2011 as amended received from the promoters/promoter group and persons acting in concert of the ....
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Dolfin Rubbers Ltd has submitted the annual disclosure under SEBI's Takeover Regulations for FY ending March 31, 2025. Promoters Kawaljit Singh and Ratinder Kaur, on behalf of the promoter group and persons acting in concert, have declared that no encumbrance (pledge or similar charge) was created on their shares during the financial year. This is a routine annual compliance filing required under Regulation 31(4). The filing confirms that the promoter group's shareholding remained free of any new pledges or encumbrances throughout the year.
This is a neutral-to-positive routine compliance update. Shareholders can take comfort that promoters have not pledged their shares during the year, suggesting no immediate liquidity stress at the promoter level. No material stock price impact is expected from this disclosure.