Manish Garg For and on behalf of Promoter and PAC of the Company 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.
GOODLUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manish Garg, on behalf of the promoter and persons acting in concert (PAC) of Goodluck India, has filed the annual Regulation 31(4) declaration for FY 2024-25, confirming no encumbrance was created on shares held during the year except as listed in Annexure-I. The annexure shows that seven promoters — Mithlesh Garg, Anju Garg, Shyam Agrawal, Rekha Rani, Harsh Garg, Ram Agarwal, and Rajiv Garg — pledged shares between June 10 and June 13, 2024, and the same shares were fully released by October 18, 2024. In total, 5,88,000 shares were pledged and an equal number were released, leaving no net pledge position at year-end.
This is a neutral-to-mildly positive signal for shareholders. Since every share that was pledged was also released within the same financial year, there is no outstanding promoter pledge overhang, reducing concerns about forced selling or margin call risk on promoter-held stock.