Gujarat Maritime Board 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.
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Awaiting price reaction for this filing.
Gujarat Maritime Board, the promoter of Gujarat Lease Financing Limited, has filed a routine compliance disclosure with the stock exchanges under SEBI Takeover Regulations. The disclosure confirms that the promoter has not created any encumbrance (pledge or charge) on its equity shares in the company, either directly or indirectly, during the entire financial year 2024-25. This is a negative confirmation submitted to BSE and NSE as required under Regulation 31(4) and 31(5) of the SEBI Takeover Regulations, 2011. The letter has been signed by the Financial Controller cum Chief Accounts Officer of Gujarat Maritime Board and is dated April 7, 2025.
This is a routine annual compliance filing with no material impact on shareholders. It simply confirms the promoter's shares remained free of any pledge or encumbrance through FY2024-25, which is mildly reassuring for investors as it rules out any hidden financial stress at the promoter level during the year.