Gujarat Gas 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.
GUJGASLTD · price
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Awaiting price reaction for this filing.
Gujarat Gas Limited has filed an annual disclosure under Regulation 31(4) of SEBI Takeover Regulations, 2011. The promoters — Government of Gujarat and Gujarat State Energy Generation Limited — have confirmed that they did not create any encumbrance (such as pledge or lien), directly or indirectly, on the company's shares during FY 2024-25. This is further supported by the quarterly shareholding pattern filings made under SEBI LODR Regulations. The disclosure was signed by Company Secretary Sandeep Dave on 5th April 2025.
This is a routine positive confirmation for retail investors — it means the promoters have not pledged any of their shares, reducing concerns about any forced selling risk from the promoter group. It is a neutral-to-mildly positive signal for share price stability.