Khandwala Securities 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.
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Awaiting price reaction for this filing.
Khandwala Securities Limited has submitted to the exchanges an annual disclosure under Regulation 31(4) of SEBI's Takeover Regulations for the financial year ended March 31, 2025. Promoter Paresh J. Khandwala, acting on behalf of all promoters, promoter group members, and persons acting in concert, has declared that no encumbrance (such as pledging or charging of shares) was created, directly or indirectly, on the equity shares held by them in the company during the year. This is a routine yearly compliance filing required from promoters.
This is a neutral, routine compliance filing. It signals that promoters have not pledged or otherwise encumbered their shares during the year, which is mildly reassuring for shareholders as it suggests no liquidity stress on the promoter group.