Mahabir Prasad Agrawal For & on behalf of self and PACs of the Company 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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Mahabir Prasad Agrawal, on behalf of himself and all Persons Acting in Concert (PACs), has submitted a declaration to the stock exchanges under SEBI's Takeover Regulations. The declaration confirms that the promoter group did not create any encumbrance (pledge or charge) on their shares in the company during the financial year ended 31st March 2025. The promoter group collectively holds 5,21,87,940 shares, representing 65.67% of the total shareholding. Key individual holders include Sushil Kumar Agrawal with 39.79%, Devansh Agrawal with 10.57%, and Shailaja Agrawal with 4.59%. Importantly, zero shares across all PAC members are currently encumbered.
This is a positive signal for shareholders as it shows the promoter group maintains a clean, unpledged shareholding of over 65%, indicating financial stability and no immediate risk of forced selling due to pledge margin calls. It reinforces promoter confidence in the company.