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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Navkar Corporation Limited promoter Shantilal J Mehta, along with promoter group members and persons acting in concert, has filed the annual disclosure under Regulation 31(4) & (5) of the SEBI Takeover Regulations for FY ending March 31, 2025. The promoter group covered in this filing holds 1,20,000 equity shares (0.08% combined), with Shantilal Jayavantraj Mehta and Nemichand J Mehta each holding 60,000 shares (0.04% each); the remaining 8 listed entities hold zero shares. The key declaration is that no shares have been encumbered (pledged, hypothecated or otherwise charged) during the financial year. The company has also applied for reclassification of these promoters/promoter group entities under Regulation 31A of SEBI LODR, which is still pending approval.
This is a routine annual compliance filing with no material change in holdings or any new encumbrance. Shareholders should note that a promoter reclassification application is pending, which, if approved, would formally move these members out of the promoter group category, though their economic stake is negligible.