Disclosure on non-encumbrance of promoter shares filed with exchange

Kalyani Commercials Limited has filed a disclosure under SEBI Regulation 31(4) of the Substantial Acquisition of Shares and Takeovers Regulations, 2011. This is a compliance filing in which the promoter or shareholder confirms that the equity shares held by them are not encumbered, meaning they have not been pledged or offered as collateral. It is a routine regulatory disclosure and does not indicate any change in shareholding or voting rights.