Ramani Iyer 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.
JUSTDIAL · price
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Awaiting price reaction for this filing.
Ramani Iyer, a member of the Promoter Group of Just Dial Limited, has filed an annual declaration with the stock exchanges (BSE, NSE, and MCX) for FY 2024-25. Under Regulation 31(4) of SEBI's Takeover Regulations, he has confirmed that he has not created any encumbrance — directly or indirectly — on the shares of Just Dial held by him during the financial year. This is a routine annual compliance disclosure required from every member of the promoter and promoter group. The filing has been copied to Just Dial's Company Secretary and Audit Committee for record.
This is a neutral, routine compliance filing and is unlikely to have any direct impact on the stock price. It does, however, signal that this promoter group member has not pledged or otherwise encumbered his/her Just Dial shares in FY25, which removes a potential overhang concern for investors.