Nandan Denim 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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Nandan Denim Limited's promoter Brijmohan D. Chiripal has submitted a Regulation 31(4) disclosure to both BSE and NSE for the financial year ended March 31, 2026. The disclosure confirms that the Promoter group and persons acting in concert have NOT created any encumbrance (pledge) on equity shares of the company during the year. This is a standard regulatory filing that serves as a negative confirmation regarding promoter share pledges. The actual shareholding percentages are not disclosed in this filing.
A clean disclosure with no encumbrance created is a neutral-to-positive signal for shareholders as it indicates promoters have not pledged shares, reducing risk of forced selling. However, no new information about promoter stake levels is provided.