Garuda Construction and Engineering 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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Garuda Construction and Engineering Limited has filed a disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011. The filing, submitted by Promoter and Chairman & Managing Director Pravin Kumar Brijendra Kumar Agarwal on behalf of the Promoter and Promoter Group including Persons Acting in Concert, declares that as on March 31, 2026, no encumbrance of shares has been made directly or indirectly during the financial year ended March 31, 2026. This is essentially a nil pledge declaration confirming that promoters have not pledged their shares during the year.
This is a positive disclosure for shareholders as it confirms that promoters have not pledged their shares, reducing the risk of forced selling due to margin calls. It indicates promoter confidence in the company without any financial stress on their shareholding.