Lorenzini Apparels 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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Lorenzini Apparels Limited has submitted declarations from its promoters (Sandeep Jain, Sandeep Jain HUF, and Parveen Jain) confirming that they have NOT created any encumbrance (pledge) on their shareholding during the financial year ended March 31, 2026. This is a mandatory annual filing under SEBI's Takeover Regulations requiring promoters to disclose any pledges on their shares. The company states all encumbrances, if any, were already disclosed previously to the stock exchanges.
This is a routine compliance filing with neutral-to-slightly positive implications. Confirmation that promoters have not pledged their shares suggests they have not leveraged their holdings, which reduces risk of forced selling. No immediate impact on stock price expected.