Sanjay Chhabra 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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Awaiting price reaction for this filing.
Sanjay Chhabra, Promoter and Managing Director of Motisons Jewellers Limited, has filed the annual disclosure for FY 2024-25 as required under SEBI's Takeover Regulations. On behalf of all promoters and the promoter group, he has declared that no encumbrance (pledge, lien, or similar charge) has been created on the equity shares of the company held directly or indirectly during the financial year. This is a routine annual compliance filing confirming that promoter shareholding remains unencumbered.
This is a neutral-to-positive disclosure for shareholders, as it confirms that promoters have not pledged any of their shares as collateral during the year, reducing concerns over potential forced sales or margin calls.