Pravin Kumar Brijendra Kumar Agarwal 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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Awaiting price reaction for this filing.
Pravin Kumar Brijendra Kumar Agarwal, Chairman & Managing Director of Garuda Construction and Engineering, has filed a disclosure on behalf of the Promoter and Promoter Group including persons acting in concert. As per Regulation 31(4) of SEBI Takeover Regulations, the promoter group has declared that as on 31st March 2025, they have not created any encumbrance (such as pledge or lien) on the company's shares, directly or indirectly, during the financial year ended 31st March 2025. This is a mandatory annual compliance filing required from promoters.
This is a neutral-to-positive disclosure — it confirms promoters have not pledged or encumbered their shares during the year, signalling no immediate liquidity stress or forced selling risk from the promoter side.