Fino PayTech Limited 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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Fino PayTech Limited, the promoter of Fino Payments Bank, has submitted an annual declaration under SEBI Takeover Regulations confirming that neither the promoter nor any person acting in concert (PAC) has created any encumbrance (such as pledge or lien) on the bank's equity shares during the financial year 2024-25. The disclosure also clarifies that 12 equity shares are held by 6 individuals as nominees of the promoter company, but the beneficial ownership of these shares rests with Fino PayTech Limited. This is a routine year-end compliance filing for FY25.
This is a routine negative confirmation with no material impact on shareholders or stock price. It simply confirms the promoter has not pledged or encumbered its shares during the year, which is a neutral-to-slightly-positive signal indicating no immediate risk of forced selling due to pledge invocation.