Chanakya Prakash Mangal 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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Chanakya Prakash Mangal, a promoter of Mangalam Global Enterprise Limited, has submitted a declaration to NSE and BSE under Regulation 31(4) of the SEBI Takeover Regulations. In this declaration, he confirms that no promoter or person acting in concert has created any new encumbrance (pledge, lien, or similar charge) on the company's equity shares during FY 2024-25, other than what has already been disclosed. This is a routine annual compliance filing required from promoters.
This is a routine regulatory compliance submission and is largely neutral for shareholders. It confirms that promoters have not pledged or otherwise encumbered any additional shares, meaning no new risk from potential forced selling of pledged stock has been introduced.