BNP Paribas 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.
GEOJITFSL · price
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BNP Paribas S.A., the promoter of Geojit Financial Services Limited, along with BNP Paribas India Holding Private Ltd (a person acting in concert), has submitted a Regulation 31(4) disclosure to the stock exchanges. The disclosure confirms that no encumbrance (pledge, lien, or similar charge) was created directly or indirectly on the shares of Geojit Financial Services during the financial year 2024-25. This is a routine annual confirmation required from promoters under SEBI takeover norms.
This is a neutral disclosure. Shareholders can take comfort that the promoter has not pledged any additional shares as collateral during the year, which removes any immediate concern of forced selling or margin-related risk from the promoter's end.