Mitesh Kothari 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.
KOTHARIPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Mitesh Kothari has submitted a declaration to the exchanges confirming that neither he nor any person acting in concert has created any encumbrance (pledge) on their shares during the financial year ended March 31, 2026. This is a negative declaration filed under Regulation 31(4), which requires promoters to disclose details of share pledges. The filing essentially states that no new pledges were created on promoter holdings during the reported period.
A nil-encumbrance declaration is generally neutral to positive for shareholders as it indicates promoters have not leveraged their shares, reducing risk of forced selling. However, it provides no new positive catalyst for the stock.