Gaurang Shah 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.
HECPROJECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoters and the Promoter Group (including PAC) of HEC Infra Projects Limited have submitted a declaration to NSE confirming that they have NOT created any encumbrance (pledge) on their equity shares during the financial year ending 31 March 2026. The disclosure lists five entities — Gaurang P. Shah, Rupal Gaurang Shah, Paras Engen India Private Limited, Rahul Gaurang Shah, and Vikram Parmanand Shah — all classified as Promoters or Promoter Group PAC. The filing is a yearly compliance declaration under SEBI regulations, essentially a 'nil' report on share pledges.
No pledge activity is a neutral-to-positive signal for shareholders, as it indicates promoters have not leveraged their shares and there is no immediate risk of forced selling pressure from pledge invocation.