Farah Malik Bhanji - Trustee On behalf of Rafique Malik Family Trust 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.
METROBRAND · price
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Awaiting price reaction for this filing.
Farah Malik Bhanji, Trustee of Rafique Malik Family Trust (a promoter of Metro Brands), has filed a routine annual declaration under SEBI Regulation 31(4) for the financial year ended March 31, 2025. The declaration states that the trust, along with persons acting in concert, has not created any new encumbrance (pledge, lien, or other charge) on its shares in the company during the year. This is a standard yearly compliance filing required of promoters and is a negative declaration — confirming no new pledging activity beyond what may have been previously disclosed. There are no numbers on share quantities, pledge values, or percentage changes included in this filing.
This is a routine regulatory compliance submission and carries no material impact on the stock or shareholders. It simply reassures the market that the promoter has not pledged additional shares during FY25, which is mildly positive on governance but not a price-moving disclosure.