Krishana Phoschem 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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Krishana Phoschem Limited has submitted a Regulation 31(4) disclosure confirming that none of the promoters, promoter group members, or persons acting in concert have created any new encumbrance (pledge) on their shares during the financial year ended March 31, 2025. The declaration was signed by Praveen Ostwal on behalf of the promoter and promoter group. The filing is a routine yearly compliance requirement under SEBI takeover regulations, certifying that no additional shares have been pledged beyond what was already disclosed.
This is a neutral-to-mildly positive signal for shareholders, as it indicates promoters are not under additional financial pressure requiring them to pledge more shares. It reassures investors about promoter stability and reduces near-term concerns over potential forced selling from pledged shares.