Harshit Mehta 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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Harshit Mehta, a promoter of Medico Remedies Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters or persons acting in concert to disclose details of any encumbrance, invocation, or release of pledge on shares. The announcement does not specify the exact nature of the disclosure—whether it pertains to a pledge creation, invocation, or release—or any share quantity or percentage involved.
This is a routine regulatory compliance filing. Since the specific details of the disclosure (pledge invoked, released, or other) are not mentioned, investors should look for the full disclosure document from the company for clarity on the impact on promoter shareholding and any associated risks.