Swaran Singh 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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Swaran Singh, a promoter of Industrial Investment Trust Limited, has filed a declaration under SEBI's Takeover Regulations stating he held 25,000 equity shares as of March 31, 2025. He confirmed that he has not created any encumbrance (pledge or similar charge) on his shares, directly or indirectly, during the financial year ended March 31, 2025. This is a routine annual compliance filing required from promoters regarding share encumbrances.
This is a neutral, routine compliance filing. Shareholders are reassured that the promoter has not pledged any of his holdings during the year, which removes any short-term overhang risk from a potential pledge invocation.