Gujarat State Investments Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Gujarat State Investments Limited, one of the promoters of Gujarat Lease Financing Limited, has filed a compliance disclosure with the stock exchanges under SEBI Takeover Regulations. The promoter has confirmed that it did not create any encumbrance (such as pledge or lien) on the equity shares it holds in Gujarat Lease Financing Limited, either directly or indirectly, during the entire financial year 2024-2025. This is a routine annual filing required under Regulation 31(4) and 31(5) of the SEBI Takeover Regulations, 2011.
This is a neutral, routine compliance filing. It reassures shareholders that the promoter has not pledged any of its shares during the year, which means no risk of forced selling due to a pledge invocation. No material impact on the stock price is expected.