Hargaon Investment & Trading Company Limited For & On behalf of the Promoter and Promoter Group of the Company 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.
GANGESSECU · price
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Awaiting price reaction for this filing.
Hargaon Investment & Trading Company Limited, acting on behalf of the promoter and promoter group of Ganges Securities Limited, has submitted 25 annual disclosures to the stock exchanges under Regulation 31(4) of SEBI's Takeover Regulations, 2011. Each of the 25 entities — including individuals (Nopany family members, Urvi Mittal), family trusts (Shekhar Family Trust, Shruti Family Trust), and several Birla Sugar group-linked investment and trading companies — has confirmed that they, along with persons acting in concert, have not created any new encumbrance (pledge, lien, or lock-in) on the shares of Ganges Securities Limited during the financial year ended March 31, 2025. This is a routine annual compliance filing required of all promoter group entities and is a 'no change' confirmation rather than a transactional update.
This is a neutral, routine regulatory filing with no material impact on the stock price. It simply confirms that the promoter group has not pledged or otherwise encumbered any additional Ganges Securities shares during FY25, which is reassuring for retail investors concerned about promoter pledge risk.