Nagdevi Trading and Investment Company Ltd 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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Nagdevi Trading and Investment Company Ltd, part of the promoter and promoter group of Monte Carlo Fashions, has filed an annual declaration under SEBI Regulation 31(4) for FY2024-25. The declaration states that neither Nagdevi Trading nor any persons acting in concert (PAC) have created any encumbrance (pledge, charge, or lien) on shares held directly or indirectly during the financial year. The filing was made on behalf of the entire promoter group, which includes Nahar Capital & Financial Services, Oswal Woollen Mills, the Oswal family members, and several investment entities.
This is a routine annual compliance filing with no material action — shareholders can take comfort that the promoter group has not pledged or encumbered any of their Monte Carlo shares during the year, suggesting no immediate liquidity stress at the promoter level.