Paritosh Kumar 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.
HAPPYFORGE · price
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Paritosh Kumar, on behalf of the promoters of Happy Forgings Limited, has submitted a declaration confirming that the promoters, along with persons acting in concert, have NOT created any encumbrance (pledge) on the company's shares during the financial year ending 31st March 2026. This is a routine regulatory compliance filing required under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, which mandates promoters to disclose share encumbrances periodically.
This is a positive signal for shareholders as it indicates promoters have not pledged their holdings, reducing the risk of forced selling pressure. The stock is free from promoter-level pledged share overhang for this period.