Hargaon Investment & Trading Company 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.
MAGADSUGAR · price
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Awaiting price reaction for this filing.
Hargaon Investment & Trading Company Limited, along with 25 other promoter-group entities and individuals, has submitted 26 disclosures under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to NSE and BSE. All promoters and persons acting in concert (including Avadh Sugar & Energy, SCM Investment, RTM Investment, Yashovardhan Investment, Shekhar Family Trust, Shruti Family Trust, and individuals such as Chandra Shekhar Nopany, Nandini Nopany, and Arhant Vikram Nopany) have declared that they did not create any new encumbrance, directly or indirectly, on shares of Magadh Sugar & Energy Limited during the financial year ended March 31, 2025, other than those already disclosed earlier. This is a routine annual compliance filing required from promoters.
This is a neutral, routine compliance disclosure and signals that promoters have not created any new pledges or encumbrances on their holdings during the year. It is mildly reassuring for shareholders as it indicates no incremental pledging of promoter shares in Magadh Sugar & Energy Limited.