Jet Freight Logistics 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.
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The promoter, Chairman and Managing Director of Jet Freight Logistics, Mr. Richard Francis Theknath, has filed a declaration with NSE and BSE under SEBI's Takeover Regulations. He confirms that he and persons acting in concert have not created any new encumbrance (pledge, charge, or lien) on the company's shares during FY 2024-25, other than what was already disclosed earlier. This is a routine annual compliance filing required from promoters to assure the exchange that no undisclosed pledging or encumbrance activity has taken place. The filing was submitted on 4 April 2025. It does not indicate any change in ownership, stake sale, or fresh pledging of shares.
This is a routine compliance confirmation with no material impact on the stock price or shareholder value. It simply reaffirms that there are no hidden encumbrances on promoter shares beyond what was previously disclosed.