Rajendra Singh Pawar As Trustee Of Pawar Family Trust 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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Awaiting price reaction for this filing.
Rajendra Singh Pawar, as Trustee of the Pawar Family Trust (a promoter of NIIT Limited), has submitted a declaration to BSE and NSE under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. In the declaration, he confirms that he, along with persons acting in concert, has not created any encumbrance (pledge, lien, or charge) on NIIT shares during the financial year 2024-25. The shares held by the promoter group remain fully unencumbered as of the date of filing.
This is a routine annual compliance filing by the promoter. It is a mildly positive signal for shareholders as it confirms the promoter's holdings are free from any pledge or encumbrance, reducing concerns about forced selling risk.