Nikhil Nanda has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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Nikhil Nanda, on behalf of the Promoter and Promoter Group of JHS Svendgaard Retail Ventures Limited, has submitted a nil encumbrance disclosure for the year ended 31.03.2026. The filing confirms that none of the promoters or promoter group members have directly or indirectly created any encumbrance (pledge) on their shares during the reporting period. Table A lists five entities in the promoter group including Nikhil Nanda, Sushma Nanda, Daljit Singh Grewal, Late Harish Chander Nanda, and JHS Svendgaard Laboratories Limited. This is a negative declaration filed to comply with SEBI disclosure norms.
A nil encumbrance disclosure is a positive signal for shareholders as it indicates promoters have not pledged their shares, reducing risk of forced selling. No immediate impact on stock price expected from this filing.