Rubaljeet Singh Sayal 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.
HARDWYN · price
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Rubaljeet Singh Sayal, on behalf of himself and fellow promoter Swaran Jeet Singh Sayal, has filed a declaration with the NSE/BSE confirming that neither promoter has created any encumbrance (pledge) on their shares of Hardwyn India Limited during the Financial Year ended March 31, 2026. This is a routine compliance filing under SEBI's substantial acquisition regulations, requiring promoters to disclose whether their shareholding is pledged. The filing effectively states a 'nil' position on share pledging by the promoter group for the entire fiscal year.
A clean encumbrance declaration is a positive signal for retail investors, as it indicates promoters do not have pledged shares that could be sold in the event of a margin call, reducing downward pressure on the stock. It reflects the promoter group's unencumbered holding in the company.