Shantilal J Mehta has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) & (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Shantilal J Mehta, along with promoter group members and persons acting in concert, has filed the annual declaration required under SEBI Takeover Regulations confirming that no encumbrance (pledge, lien or similar) was created on their shares during the financial year ended March 31, 2025. Together they hold only 1,20,000 equity shares (0.08% of the company), with Shantilal J Mehta and Nemichand J Mehta each holding 60,000 shares (0.04%). The remaining promoter group entities listed hold zero shares. The filing also notes that a separate application for reclassification of these promoters under SEBI Listing Regulations has been pending since November 25, 2024.
This is a routine annual compliance filing and not an action event. For shareholders, the key takeaway is that the promoter group's stake is negligible (0.08%) and they have not pledged any shares, meaning there is no near-term risk of forced selling from this group. The pending reclassification request, if approved, would formally remove these entities from the promoter category.