Virtuous Tradecorp Private Limited 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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Virtuous Tradecorp Private Limited, part of the promoter group of Nalwa Sons Investments Limited, has filed a declaration under SEBI's Takeover Regulations for FY ending March 31, 2025. The declaration states that the promoter group (43 entities including members of the Jindal family, trusts, and holding companies) has not created any new encumbrance—such as pledges or liens—on the company's shares during the financial year. Any existing encumbrances have already been disclosed to the stock exchanges. This is a routine annual compliance requirement under Regulation 31(4) of the SEBI Takeover Regulations.
This is a routine compliance filing with no material impact on shareholders. The declaration confirms that promoters have not pledged or encumbered additional shares during the year, signalling stability in promoter shareholding and no incremental pledge risk for retail investors.