Ashok Daulatraj Bafna 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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Ashok Daulatraj Bafna, a promoter of Monarch Networth Capital 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 to disclose details of encumbered (pledged) shares held by them. The filing indicates a change or update in the encumbrance status of promoter-held shares. The headline does not specify whether shares were newly pledged, released, or invoked.
This is a routine compliance filing regarding promoter share encumbrance. Without details on the nature or size of the pledge change, investors should watch for the full disclosure to assess any risk to promoter shareholding or stock price.