Niraj Bajaj 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.
Awaiting price reaction for this filing.
Niraj Bajaj, on behalf of the Promoters and Promoter Group of Hercules Hoists Ltd., has filed a yearly declaration with NSE and BSE as required by SEBI's Takeover Regulations. The disclosure confirms that no promoter or member of the promoter group created any encumbrance (such as a pledge, lien, or lock-in) on their shares in the company during the financial year 2024-25. This is a routine annual compliance filing, not a new transaction. The letter was submitted on 3rd April 2025 against security symbol HERCULES (BSE code 505720).
This is a neutral-to-positive signal for shareholders. It confirms promoters have not pledged any of their holdings, suggesting financial stability and confidence in the company. No immediate stock price impact is expected as this is a routine compliance declaration rather than a new event.