Niraj 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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Awaiting price reaction for this filing.
Niraj Chaudhry, the promoter of Niraj Ispat Industries Limited, has filed his annual disclosure under SEBI's Takeover Regulations confirming that he and persons acting in concert have not created any new encumbrance (pledge or charge) on the company's shares during the financial year ended March 31, 2025. Importantly, the number of encumbered or pledged shares held by the promoter stands at zero as of March 31, 2025. This is a routine annual filing required by SEBI to keep the market informed about promoter share pledges.
Positive signal for shareholders — zero pledged promoter shares means no risk of forced selling or margin calls, indicating the promoter is not under financial stress. This disclosure does not affect share price directly but strengthens confidence in promoter integrity.