Parasmal Doshi 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.
INDOTHAI · price
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Parasmal Doshi, Promoter and Chairman of Indo Thai Securities, has submitted a yearly declaration to the stock exchanges confirming that he and persons acting in concert (Paras Doshi HUF, Varsha Doshi, and Sarthak Doshi) have not created any encumbrance, directly or indirectly, on their shares during the financial year ended 31st March 2025. The only exception noted is that Sarthak Doshi (a person acting in concert) holds 5,60,000 shares under lock-in until 30th April 2025 due to a preferential issue, as required under Regulation 167 of SEBI ICDR Regulations, 2018. This is a routine annual compliance filing confirming no pledging activity by the promoter group.
This is a neutral, routine compliance disclosure. Shareholders can take comfort that the promoter group has not pledged or encumbered their holdings during the year, signalling no immediate financial stress at the promoter level. The 5.6 lakh locked-in shares of Sarthak Doshi are pre-existing and tied to a preferential issue, not a new development.