Indo Borax & Chemicals Limited 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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Awaiting price reaction for this filing.
Sajal Jain, a promoter of Indo Borax & Chemicals Limited, has submitted a declaration to BSE and NSE confirming that the promoter group has not created any encumbrance (such as pledge or lien) on the shares held by them during financial year 2024-25. Additionally, the promoter has stated that no encumbrance has ever been created on the company's shares since its incorporation. This is a routine annual compliance filing under SEBI takeover regulations.
This is a neutral-to-positive disclosure for shareholders, as it confirms that the promoter group's shares are free from any pledge or encumbrance, eliminating any near-term risk of forced selling or margin call-related share disposal.