Santosh Sondhi For and on behalf of Promoter and Promoter Group of the Company 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.
Santosh Sondhi, on behalf of the promoter and promoter group of Jullundur Motor Agency (Delhi) Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of their aggregate shareholding and any encumbrance (pledge) on shares held. The announcement is a procedural filing and does not provide specific details on the nature of the disclosure, such as any change in pledged shares or stake movement.
This is a routine regulatory filing by the promoter group and is unlikely to have an immediate material impact on the stock price. Shareholders should wait for the detailed disclosure document to assess whether there has been any change in pledged shares or promoter holding.