Please find attached disclosure from Promoter/Promoter Group u/r 31(4) of SEBI LODR Regulations, 2015
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Awaiting price reaction for this filing.
Greencrest Financial Services' promoters have submitted their annual declaration under SEBI Takeover Regulations for FY ending March 31, 2025. The promoter and promoter group together hold just 45,62,000 equity shares, representing only 1.25% of the company's paid-up capital. Importantly, the promoters have confirmed that no shares were pledged, encumbered, or otherwise used as collateral during the financial year. The disclosure was filed by Managing Director Sushil Parakh on behalf of the promoter group and persons acting in concert.
With promoter holding at just 1.25%, the stock has negligible promoter skin in the game, which signals weak promoter commitment and may concern shareholders looking for promoter-driven confidence. However, the absence of any new pledges removes a short-term overhang risk from forced sales.