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.
MONTECARLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nagdevi Trading and Investment Company Limited, on behalf of the entire Promoter and Promoter Group of Monte Carlo Fashions Limited, has filed an annual declaration confirming that no shares were pledged or encumbered during the financial year 2025-26. The declaration covers all 13 entities and individuals in the promoter group, including Nahar Capital, Oswal Woollen Mills, and members of the Oswal family. This is a nil disclosure under SEBI's takeover regulations, indicating zero share pledging activity by the controlling shareholders throughout the year.
A zero-encumbrance declaration is generally positive for shareholders as it signals strong promoter confidence and reduces the risk of forced share sales that could pressure the stock price. It indicates the promoter group has not leveraged their holdings for borrowing.