Disclosure in terms of Regulations 31(4) of SEBI ( Substantial Acquistion of Shares & Takeovers ) Regulations, 2011 of Mr. Utsav Parekh
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Mr. Utsav Parekh, Promoter and Non-Executive Non-Independent Director of SMIFS Capital Markets Limited, has filed a declaration under Regulation 31(4) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011. The disclosure, made as on March 31, 2025, confirms that the promoters and persons acting in concert (PAC) have not created any encumbrance — such as a pledge, lien or charge — on the shares held by them, directly or indirectly, during the financial year ended 31 March 2025. This is a routine annual compliance submission to BSE and the Calcutta Stock Exchange. The filing carries no quantitative data on shareholding levels or changes.
This is a routine annual compliance disclosure and is broadly neutral for shareholders. The absence of any new pledge or encumbrance on promoter holdings is mildly reassuring, as it indicates the promoter group has not used its shares as collateral during the year, reducing concerns over forced-selling risk.