Aslesh Ramesh Parekh 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.
GANDHAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aslesh Ramesh Parekh, on behalf of all promoters and promoter group members of Gandhar Oil Refinery, has submitted a yearly declaration to the stock exchanges confirming that no shares held by the promoter group were encumbered (pledged, charged, or otherwise) at any time during financial year 2024-25. The declaration covers all 23 promoter and promoter group entities, including family members and three family trusts. This is a mandatory annual disclosure required under SEBI takeover regulations to assure the market that promoters have not secretly pledged their holdings.
Positive for shareholders — confirms that no promoter shares are at risk of forced sale from pledge invocation, signalling financial stability and no hidden leverage in the promoter group. Likely neutral to mildly positive for the stock price.