Madhu Chaudhry 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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Madhu Chaudhry, a promoter of Niraj Ispat Industries Limited, has filed a declaration with the exchange under SEBI's Takeover Regulations for the financial year ended 31st March 2025. The promoter confirms that no new encumbrance (pledge or charge) has been created on the company's shares during the year, over and above what was already disclosed. As of 31st March 2025, the total number of encumbered or pledged shares held by the promoter stands at Nil. This is a routine annual compliance filing required from promoters to disclose the status of share encumbrances.
This is a neutral-to-positive disclosure for shareholders. With zero pledged shares, there is no immediate risk of forced share sales or margin call pressures from the promoter. It signals a clean shareholding structure with no encumbrance-related overhang on the stock.