Gujarat State Petronet 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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Gujarat State Petronet Limited (GSPL), the promoter of Gujarat Gas, has submitted a yearly disclosure to the stock exchange under Regulation 31(4) of the SEBI Takeover Regulations. This regulation requires promoters to report the aggregate number of shares of the company they have encumbered (pledged) as on the financial year-end. The announcement confirms the filing has been made but does not itself detail the exact pledge percentage or any changes. Shareholders will need to check the attached disclosure for the actual numbers of shares pledged, released, or invoked.
Routine yearly compliance filing by the promoter; impact on the stock depends on whether the disclosure shows any rise, fall, or invocation of pledged shares. Investors should review the attached document for specific pledge figures before drawing conclusions.