Indostar Capital 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.
INDOSTAR · price
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Awaiting price reaction for this filing.
IndoStar Capital, the promoter of IndoStar Capital Finance Limited, has submitted a declaration to the stock exchanges confirming that it, along with persons acting in concert, has not created any encumbrance (such as pledge, lien, or charge) on shares of the company during financial year 2024-25. This is a mandatory annual disclosure required under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The declaration covers the financial year ending March 31, 2025, and was filed on April 7, 2025. It essentially affirms that the promoter's entire shareholding in the company remains free of any encumbrance.
Positive for shareholders — confirms that promoter shares are not pledged or encumbered, which removes concerns about forced selling or margin call risks. This typically supports investor confidence in the stock.