Madhav Dhir 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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Promoter Madhav Dhir has submitted a nil disclosure to the stock exchanges confirming that neither he nor any persons acting in concert with him have created any encumbrance (pledge) over the company's shares during the financial year ended 31st March 2026. This is a routine compliance filing under SEBI regulations that require promoters to declare their pledge status periodically. The declaration serves as a negative confirmation, meaning no shares are currently pledged by the promoter group.
A clean pledge declaration is generally positive for shareholder confidence as it indicates promoters have not leveraged their shares, reducing risk of forced selling. This is a routine regulatory filing with no immediate impact on the stock.