Innova Captab 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.
INNOVACAP · price
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Awaiting price reaction for this filing.
Promoter Vinay Lohariwala, on behalf of all promoters and persons acting in concert (PACs), has submitted a declaration to the stock exchanges confirming that no encumbrance (such as pledge or lien) has been created on the equity shares held by them during the financial year ended 31st March 2024. The promoter group includes Manoj Kumar Lohariwala, Vinay Lohariwala, Vandana Lohariwala, and Chhavi Lohariwala. This is a routine annual compliance filing required under SEBI's takeover regulations.
This is a neutral-to-positive signal for shareholders, confirming that promoters have not pledged their shares, which reduces risk of forced selling or margin calls. No material impact on stock price is expected as this is a standard compliance disclosure.