Riyaz Eqbal Ahmed Ganji 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.
Riyaz Eqbal Ahmed Ganji, a promoter of Libas Consumer Products Limited, has filed his annual declaration under Regulation 31(4) of the SEBI Takeover Regulations for the financial year ending March 31, 2025. In this declaration, he confirms that he has not created any encumbrance (such as a pledge or lien) on the shares held by him, either directly or indirectly, during the year. This is a routine yearly compliance filing required of all promoters of listed companies in India.
This is a neutral, routine compliance filing with no change in the promoter's shareholding or pledge status. Shareholders can take comfort that no new encumbrance has been placed on the promoter's holdings, which is a mildly positive sign regarding promoter confidence, but it carries no material impact on the stock price.