Disclosure under Regulation 31(4) of the SEBI(Substantial Acquisition of Shares and Takeovers) Regulations,2011.
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Awaiting price reaction for this filing.
Promoter Jignesh Ramniklal Sheth has filed a disclosure under SEBI Takeover Regulations confirming that as of March 31, 2026, the promoter group holds 93,55,000 equity shares. The promoter has declared that no new encumbrances (pledges) have been created on these shares during FY 2025-26, other than any that were already disclosed previously. This is a routine regulatory compliance filing where promoters confirm the status of share pledges to ensure transparency on promoter holdings and potential encumbrances.
This filing is positive for investors as it confirms no additional shares have been pledged by promoters, meaning there is no immediate risk of forced selling due to pledge invocation. The promoter group continues to hold shares without fresh encumbrances.