Sanjay Lodha 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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Sanjay Lodha, Managing Director and Promoter of Netweb Technologies, has filed the annual Regulation 31(4) disclosure on behalf of the promoter group and persons acting in concert (PAC). The declaration confirms that no encumbrance (pledge or charge) was created, directly or indirectly, by the promoters on their shares during the financial year ended March 31, 2025. It also states that as of March 31, 2025, the number of shares encumbered or pledged by the promoter group stands at zero. The disclosure covers 12 promoter and promoter group members including Sanjay Lodha, Navin Lodha, Vivek Lodha, Niraj Lodha, and others. This is a routine annual compliance filing required under SEBI's takeover regulations.
This is a neutral-to-positive compliance filing for shareholders. It confirms that promoters have not pledged any of their shares, which removes any near-term risk of forced share sales or margin pressure on promoter holdings. Investors may view zero encumbrance as a sign of promoter confidence and financial stability, though it is a routine disclosure with no material business impact.