Intimation of Dsiclosure Under Regulation 31(4) of SEBI Substantial Acquistion of Shares and Takeover Regulation ,2011 as received from Mr. Prakash Hiralal Parekh , Managing Director and ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Prakash Hiralal Parekh, Managing Director and Promoter of HCP Plastene Bulkpack Limited, has filed a disclosure on behalf of the entire Promoter and Promoter Group (including HCP Enterprise Ltd, Plastene India Limited, and five individual promoters). The disclosure confirms that no encumbrance (pledge or charge) has been created on the shares held by the promoter group during the financial year ending 31 March 2026. This is a nil/negative declaration submitted to BSE as part of routine regulatory compliance under SEBI's takeover regulations. Annexure-A lists all seven promoter group entities with their PAN details.
A nil encumbrance declaration is a positive signal for shareholders as it indicates promoters have not pledged their shares, reducing risk of forced selling. This is a compliance filing with no immediate impact on the stock price.