Goenka Diamond and Jewels 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.
Awaiting price reaction for this filing.
Navneet Nandlal Goenka, Managing Director of the Suspended Board, has filed the annual disclosure required under SEBI's Takeover Regulations for the financial year ended March 31, 2025. He declared that he held 18,24,29,250 shares (approximately 18.24 crore shares) of the company as on March 31, 2025. Importantly, he confirmed that no encumbrance (pledge, lien, or similar charge) was created on these shares, directly or indirectly, during the entire financial year. The filing is signed by the MD of the Suspended Board and copied to the Interim Resolution Professional, indicating the company remains under the CIRP (insolvency) process.
This is a routine yearly compliance filing with no material change for shareholders — the promoter has not pledged or encumbered shares, which removes near-term concern of forced share liquidation. However, investors should note the company continues to be under insolvency proceedings, which remains the dominant factor affecting the stock.