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, on behalf of the promoter group and persons acting in concert (PAC), has submitted an annual disclosure to BSE and NSE confirming that no shares held by the promoter group are encumbered or pledged as of March 31, 2026. This is a standard compliance filing under SEBI SAST Regulations requiring promoters to declare the status of share encumbrances annually. The disclosure lists 11 members of the promoter group including Sanjay Lodha, Navin Lodha, Vivek Lodha, Niraj Lodha, and others. The filing essentially reports a 'nil' status — no pledges or encumbrances exist on promoter holdings.
A nil encumbrance disclosure is generally positive for investors as it indicates the promoter group has not pledged shares to raise debt, removing a potential risk of forced selling. The stock does not face immediate dilution risk from pledged share liquidation.