Ajay Anand 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.
FAZE3Q · price
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Ajay Anand, a promoter of Faze Three Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the exchange. This regulation is specifically about promoters pledging their shares, typically above certain thresholds. No further details on the nature of the disclosure (creation, release, or invocation of pledge) or the quantum involved have been provided in the filing. Reg 31(4) disclosures are mandatory whenever there is any change in the pledge status of shares held by promoters or persons in control.
Since the filing only confirms submission of the disclosure without specifying details, investors should look for the accompanying disclosure document or follow-up filings to understand whether this represents a new pledge, release, or invocation and assess its impact on promoter shareholding and stock price.