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.
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Gaurang Shah, a promoter/promoter group member of HEC Infra Projects Limited, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of any encumbrance (pledge, lien, or other security) created on their shares. The announcement does not specify the nature or extent of the encumbrance or whether it is a creation, invocation, or release of an existing pledge.
The filing itself is a routine regulatory compliance submission and does not indicate any immediate material impact on the stock price. Shareholders should look for the detailed disclosure document to understand if any promoter shares have been pledged or if there is any change in the encumbrance status of promoter holdings.