Girishbhai M. 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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Promoter Girishbhai M. Patel has submitted a declaration to the stock exchange confirming that no new share encumbrances have been created by the promoter group during the financial year ended March 31, 2026, other than those already disclosed previously. This filing is a regulatory compliance requirement under SEBI's takeover regulations. The declaration covers both direct and indirect encumbrances by promoters and persons acting in concert.
This is a positive confirmation for investors as it indicates no increase in pledged shares by the promoter group during FY26, which could alleviate concerns about potential stake sale pressure from margin calls.