Niraj Bajaj 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.
MUKANDLTD · price
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Awaiting price reaction for this filing.
Niraj Bajaj, on behalf of all promoters and the promoter group of Mukand Limited, has filed the annual declaration required under SEBI's Takeover Regulations. The disclosure confirms that no promoter, either individually or together with the promoter group, has created any encumbrance (such as a pledge or lien) on their shares in Mukand Limited during the financial year 2024-25. This is a routine annual compliance filing covering the full financial year. The submission has been made to both NSE and BSE where Mukand's shares are listed.
This is a neutral-to-mildly positive disclosure for shareholders. It confirms that promoters have not pledged their holdings as collateral, which removes a common overhang risk that often worries retail investors when promoter pledges exist or increase.