Gandhar Oil Refinery (India) 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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Gandhar Oil Refinery has filed a disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011 with the stock exchange. This regulation requires promoters and substantial shareholders to disclose details of shares they have encumbered (pledged or otherwise locked) with any lender. The announcement confirms that the disclosure has been submitted, but the specific details such as number of shares pledged, percentage of holding, and any changes from the previous disclosure are not included in the headline text.
This is a routine compliance filing related to share encumbrance by promoters. Shareholders should look for the actual disclosure document to understand whether promoters have pledged additional shares, released existing pledges, or if any pledges have been invoked, as such changes can affect confidence in promoter stability.