LEMERITENSELe Merite Exports LimitedMediumNeutral
Announced Wed, 6 May · 16:06 IST

Umashankar Lath 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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LEMERITE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹89.35
prior close
₹90.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1-1.0-1.0-0.4-1.5-1.1-2.1-2.0-1.8+3.0-57.4-68.7-73.8
Up moveDown movePending
AI summary

Six promoter group members (Umashankar Lath, Umashankar Naharmal Lath HUF, Ashadevi Lath, Sweta Abhishek Lath, Abhishek Lath HUF, and Abhishek Lath) have filed declarations under SEBI Regulation 31(4) for the financial year ended March 31, 2026. Each has confirmed that they have not created any encumbrance or pledge on their shares during the year, and that none of their shares are currently encumbered or pledged as of March 31, 2026. This is a periodic compliance filing where promoters confirm a 'no pledge' status.

Likely market impact

This is a routine compliance filing with a positive undertone — it confirms that promoter shares are free of pledge obligations, reducing risk of forced selling and protecting minority shareholder interests.