Disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011 received from Promoter and Promoter Group of the Company for the year ended on 31st March, 2025
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Awaiting price reaction for this filing.
Minal Industries Ltd has submitted the yearly Regulation 31(4) compliance disclosure to BSE on 2 April 2025 on behalf of its Promoter and Promoter Group members. Five individuals – Shrikant Jesinglal Parikh (1.2359%), Sona Akash Parikh (0.0021%), Akash Vikrambhai Parikh (0.0022%), Anita Shrikant Parikh (38.9814%), and Vikram Jesingbhai Parikh (0.4058%) – have each confirmed that they, along with persons acting in concert, have not created any new encumbrance (pledge, lien, etc.) on their equity shares during FY 2024-25, other than what was already disclosed earlier. The filing is purely a routine annual compliance confirmation and does not involve any change in ownership or new encumbrance.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms that the promoter group has not pledged or otherwise encumbered any additional shares during the year, which is a neutral-to-slightly-positive sign for retail investors as it indicates no sudden leverage build-up by insiders.