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, as a promoter and representative of the Promoters Group of Ishan Dyes and Chemicals Limited, submitted an annual disclosure under Regulation 31(4) of SEBI SAST Regulations, 2011. As of March 31, 2026, the Promoters Group held 1,09,61,702 Equity Shares and 34,20,892 Convertible Equity Warrants of the Company. The disclosure explicitly states that the promoters and persons acting in concert have not made any encumbrance (pledge) of equity shares, directly or indirectly, during the financial year ended March 31, 2026. Multiple promoter individuals are listed including Shrinal Piyushbhai Patel, Piyushbhai Nawarlal Patel, Mirali Hemantbhai Patel, Anilaben Piyushbhai Patel, and Marutbhai Dineshchandra Patel.
The disclosure confirms no promoter share pledges were created during FY26, which is a positive signal for shareholders as it indicates promoters have not leveraged their holdings. However, the presence of convertible warrants indicates potential future dilution or conversion that could affect the equity structure.