Navkar Corporation 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.
NAVKARCORP · price
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Awaiting price reaction for this filing.
Promoter Shantilal J Mehta, on behalf of the promoter group and persons acting in concert, has filed a declaration under SEBI Takeover Regulations confirming that no shares held by them were encumbered (pledged) during the financial year ended March 31, 2025. The promoter group together with PACs holds 1,20,000 equity shares (0.08% of total), split equally at 60,000 shares (0.04%) each between Shantilal Jayavantraj Mehta and Nemichand J Mehta, while the remaining 8 named promoter/PAC entities hold zero shares. The company has also noted that an application for reclassification of these individuals/entities out of the promoter group, filed on November 25, 2024, is still pending approval. The filing is essentially a compliance disclosure stating no new pledges were created and there were no changes to the shareholding of this promoter subgroup during FY25.
This is a routine annual compliance filing with no material change in shareholding or pledging activity, so it is unlikely to move the stock. The pending reclassification request, if approved, would formally remove these members from the promoter group, which could marginally affect promoter holding disclosures but has no direct financial impact on shareholders.