Akshay Modi 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.
MODINATUR · price
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Akshay Modi, on behalf of the Promoter and Promoter Group, has submitted a disclosure to BSE confirming they hold 9,193,407 equity shares of Modi Naturals Limited as of 31st March, 2026. The filing explicitly states that no encumbrance (pledge) of shares was made during the financial year ended 31st March, 2026. This is a routine regulatory compliance filing under SEBI regulations that requires promoters to periodically declare their shareholding status and any encumbrances on their shares. The disclosure is being sent to both BSE (with NSE copied) and the company's Compliance Officer/Audit Committee.
The absence of any share encumbrance is a positive signal for shareholders as it indicates promoters have not leveraged their shares for loans or other financial arrangements, suggesting stronger promoter commitment and reducing risk of forced selling.