Varinder Gupta 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.
IOLCP · price
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Varinder Gupta, Promoter of IOL Chemicals and Pharmaceuticals Limited, has submitted a declaration to the NSE and BSE confirming that no encumbrance was placed on the company's shares held by the promoter/promoter group during the financial year ended 31st March 2026. The declaration covers all entities in the promoter group including Varinder Gupta (Individual), Varinder Gupta (HUF), Dimple Gupta, Vikas Gupta, Abhiraj Gupta, and several corporate entities such as Mayadevi Polycot Limited, NM Merchantiles Limited, and NCVI Enterprises Limited. This is a routine compliance filing under SEBI regulations requiring promoters to declare the status of shares held.
A clean declaration with no encumbrances signals that promoter shares remain free of pledges or charges, which is a positive indicator of promoter confidence and reduces risk for minority shareholders.