In respect of M/s Pushpsons Industries Limited
Awaiting price reaction for this filing.
Promoter Pankaj Jain has filed a Regulation 31(4) disclosure with BSE confirming that the entire promoter group shareholding of 32,05,360 equity shares (58.93% of the company) was not encumbered (pledged) at any time during the financial year ended March 31, 2025. Pankaj Jain individually holds 7,74,700 shares (25.26%). The declaration was also shared with the company's audit committee. This is a mandatory annual filing required from promoters of listed companies to disclose whether their shares have been used as collateral.
This is a routine compliance filing and is mildly reassuring for retail investors, as it confirms promoter shares carry no pledge, meaning no risk of forced selling or margin pressure on the promoter group. However, it has no direct bearing on the stock price.