Shekhar G. Patel and Dipakkumar G. Patel 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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Promoters Shekhar G. Patel and Dipakkumar G. Patel, along with persons acting in concert, have submitted a yearly compliance declaration under SEBI's Takeover Regulations to both BSE and NSE. The filing confirms that the promoter group has not created any new encumbrance (such as a pledge or lien) on their shares during financial year 2024-25, apart from any already reported earlier. The disclosure covers 10 promoter and promoter-group entities, including the two main promoters and family members, as listed in Annexure A. This is a routine annual filing mandated by SEBI Regulation 31(4).
No material impact on shareholders. The declaration reassures investors that promoters have not pledged or locked any additional shares, signalling continued confidence in the company and no immediate concerns around margin calls or forced selling.