Kothari Investment & Industries Private 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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Kamal Kumar Kothari has filed a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with the National Stock Exchange. This regulation specifically pertains to disclosure of encumbrances (pledges) on promoter shares. The filing was digitally signed on April 1, 2026. However, the provided document text does not include the specific details of the encumbrance such as the number of shares pledged, percentage of share capital, or whether the pledge was newly created, invoked, or released. Reg 31(4) filings are typically submitted when promoters pledge or modify pledges on their shareholding.
This disclosure indicates a pledge or encumbrance on promoter shares, which may signal financial stress or borrowing against shares. Details of the pledge ratio and changes would be needed to assess the full impact on shareholder value.