Monte Carlo Fashions Limited�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.
MONTECARLO · price
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Awaiting price reaction for this filing.
Nagdevi Trading and Investment Company Limited, part of the promoter and promoter group of Monte Carlo Fashions, has submitted an annual declaration to NSE and BSE under SEBI's Takeover Regulations. The declaration confirms that the promoter group, along with persons acting in concert, have not created any encumbrance (pledge, lien, or charge) on their shares in Monte Carlo Fashions, either directly or indirectly, during the entire financial year 2024-25. The filing covers a wide list of promoter entities (such as Nahar Capital, Oswal Woollen Mills, Vanaik Investors, etc.) and individual promoters including Jawahar Lal Oswal, Kamal Oswal, Dinesh Oswal, and their family members.
This is a reassuring disclosure for shareholders — it means the promoter group has not pledged or encumbered any of their Monte Carlo shares during FY 2024-25, signalling promoter confidence and no immediate risk of forced selling due to margin calls.