Reliance Retail Ventures 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.
JUSTDIAL · price
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Reliance Retail Ventures Limited (RRVL), the promoter of Just Dial, has submitted a declaration under SEBI's Takeover Regulations confirming that it has not created any encumbrance (such as a pledge, lien, or mortgage) on the shares of Just Dial held by it at any point during the financial year 2024-25. This is a routine annual compliance filing required from promoters. The declaration was signed by Sridhar Kothandaraman, Company Secretary of RRVL, and was shared with BSE, NSE, MSEI, and Just Dial's audit committee.
This is a neutral-to-positive disclosure for shareholders. It confirms that the promoter's (RRVL's) stake in Just Dial is fully unencumbered, meaning no shares are pledged or locked as collateral — reducing any near-term risk of forced selling or margin calls on promoter holdings.