Nikhil Nanda 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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Awaiting price reaction for this filing.
Promoter Nikhil Nanda has submitted a year-end disclosure for FY 2024-2025 confirming that the promoters and promoter group members have not created any encumbrance (pledge or charge) on their shares in the company. The promoter group includes Nikhil Nanda, Sushma Nanda, Daljit Singh Grewal, and Harish Chandra Nanda. This is a routine annual filing required under SEBI takeover regulations to declare that no shares were pledged during the financial year.
This is a neutral-to-slightly-positive disclosure for shareholders, as it confirms that promoters have not pledged their shares, meaning no immediate risk of forced selling or margin call concerns from the promoter side.