Falguni Nayar Family Trust 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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Falguni Nayar Family Trust, on behalf of all promoters and persons acting in concert, has submitted a declaration to the stock exchanges confirming that no encumbrance or pledge was created on shares of FSN E-Commerce Ventures (Nykaa) during the financial year ended March 31, 2025. The trust further confirms that as on March 31, 2025, no shares of the company are encumbered or pledged by the promoters. This is a routine annual compliance filing required under SEBI's Takeover Regulations for promoters who hold 20% or more stake, where their overall encumbrance is below 50%.
This is a neutral, routine compliance filing with no negative implications for shareholders. It confirms that promoter shares remain unpledged, which is a positive sign of financial stability and reduces concerns about forced selling or margin call risks.