Sushil Suri For and on behalf of Promoter, Members of Promoter Group and PACs of the Company 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.
MOREPENLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sushil Suri, on behalf of the promoters, promoter group members, and persons acting in concert (PACs) of Morepen Laboratories, has submitted the annual declaration regarding encumbrance (pledge/lien) on shares for FY 2024-25. The declaration confirms that neither the promoter nor any member of the promoter group or PACs had any encumbrance on the company's shares during the financial year or as of 31st March 2025. A detailed list of 35 promoter group individuals and entities has been enclosed as part of the disclosure. This is a routine annual compliance filing required by SEBI.
This is a positive disclosure — the entire promoter group is completely free of any pledged or encumbered shares, which removes any concern of forced selling risk and signals financial stability of the promoter group.