Melstar Information Technologies Limited has informed the Exchange regarding 'Disclosure under Regulation 31(4) of SAST 2011'.
Awaiting price reaction for this filing.
Melstar Information Technologies has submitted a routine annual disclosure under SEBI's takeover regulations. The company's promoter, Shivasons Solutions India Private Limited, has confirmed through its beneficial owner Vineet Shah that no encumbrance (pledge, lien, or similar charge) was created on its shares during the financial year ended March 31, 2025. The promoter holds 26,42,000 equity shares, equivalent to 94.57% of the company — an extremely concentrated holding. This is a compliance filing required from promoters holding more than 20% stake, and the content is essentially a negative confirmation.
This is a routine compliance filing with no material action — shareholders can take comfort that the promoter has not pledged or encumbered any shares during the year, though the very high 94.57% promoter holding also means very limited public float and trading liquidity in the stock.