Happy Forgings 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.
HAPPYFORGE · price
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Happy Forgings Limited has filed a disclosure under SEBI (SAST) Regulations confirming that promoters and persons acting in concert have not made any encumbrance (pledge/mortgage) of shares, directly or indirectly, during the financial year ending 31st March 2026. The filing includes PAN details of 36 entities including promoters, directors, promoter group companies, and persons acting in concert. Key promoters include Paritosh Kumar, Ashish Garg, Megha Garg, and Garg Family Trust. The company is listed on both NSE (HAPPYFORGE) and BSE (544057).
Positive signal for shareholders as the declaration confirms promoters' shares are free from any pledge or encumbrance, reducing risk of potential selling pressure from loan defaults. This is a routine compliance filing with no immediate stock price impact.