The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on December 29, 2025 for PC Jalan HUF

Promoter PC Jalan HUF has released a pledge on 60,000 equity shares of Grovy India Ltd, originally created on October 9, 2023 in favour of Ganesh Stockinvest Private Limited. The disclosure clarifies that earlier only 15,000 shares were reported as encumbered; the higher number now is due to a bonus issue carried out in November 2024. The reason given for the release is satisfaction of the underlying obligation (likely a loan repayment). After the release, PC Jalan HUF has zero encumbered shares remaining, though other promoter group entities (Prakash Chand Jalan, Rushabh Bimal Jalan HUF, Radha Kishan Jalan, R.K. Jalan HUF, etc.) still hold significant encumbered positions ranging between 9% and 22.66% of total share capital.