Shrinal Piyushbhai Patel 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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Shrinal Piyushbhai Patel, representing the promoter group of Ishan Dyes and Chemicals, has filed the annual compliance declaration with BSE and NSE for the financial year ended March 31, 2025. The promoter group collectively held 97,97,722 equity shares of the company as on March 31, 2025. The declaration explicitly states that the promoters, along with persons acting in concert, have not created any encumbrance (pledge) on equity shares, directly or indirectly, during the financial year. The filing covers all named promoter group members, including Piyushbhai Natvarlal Patel, Mirali Hemantbhai Patel, Anilaben Patel, and Marutbhai Dineshchandra Patel.
This is a routine compliance filing confirming the promoter group's shareholding remained unchanged with no new pledging activity during the year. For retail investors, it signals stability in promoter holdings and no fresh financial stress on the promoter group, though the filing itself only confirms no new encumbrance and not the release of any existing ones.