Aalap Patel 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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Aalap Patel, Executive Director of HLE Glascoat, has filed a declaration on behalf of promoters, promoter group, and persons acting in concert confirming that no encumbrance (pledge or lien) was created on their shares during the financial year ended March 31, 2025. As on March 31, 2025, promoters held 4,55,28,472 equity shares in the company. A footnote discloses that three promoters — Himanshu Patel, Nilesh Patel, and Harsh Patel — purchased 15,000, 20,000, and 25,588 equity shares respectively on March 28, 2025, which were credited to their demat accounts on April 1, 2025.
This is a routine annual filing confirming that promoter shares remain free of any pledge or encumbrance, which is a positive signal of financial stability. The small promoter share purchases (totaling 60,588 shares) on March 28, 2025 indicate continued promoter confidence in the company, though the quantum is very small relative to overall promoter holding.