Munjal Mahendrabhai Patel 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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Munjal Mahendrabhai Patel, on behalf of the Promoter/Promoter Group and Persons Acting in Concert (PAC), has submitted a nil encumbrance declaration to the exchange. As of March 31, 2026, the Promoter/PAC group holds 99,69,930 equity shares representing 49.78% of the total share capital and voting rights. The disclosure confirms that no shares were pledged or encumbered (directly or indirectly) during Financial Year 2025-2026. The filing is made under Regulation 31(4) of SEBI's Takeover Regulations, which requires promoters to disclose their shareholding and encumbrances periodically.
The promoter holding below 50% (at 49.78%) is a notable observation as it indicates the promoter group does not have absolute majority control. The nil encumbrance declaration is positive as it shows no pledged shares that could lead to potential dilution or forced selling.