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.
NAHARINDUS · price
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Awaiting price reaction for this filing.
Nagdevi Trading and Investment Company Ltd, part of the promoter group of Nahar Industrial Enterprises, has submitted an annual declaration to NSE and BSE under SEBI's Takeover Regulations. The declaration, signed by Director Navdeep Sharma on 04.04.2025, confirms that the promoters and persons acting in concert have not created any encumbrance (pledge, lien, or charge) on their shares — directly or indirectly — during the financial year 2024-2025. The filing covers the entire promoter and promoter group, including Oswal family members and related entities like Nahar Capital, Nahar Poly Films, Oswal Woollen Mills, and others.
This is a routine annual compliance filing with no adverse action. The fact that no new encumbrance was created suggests promoters have not increased share pledging during the year, which is a mildly reassuring signal for retail investors concerned about promoter financial stress.