Pickup Suppliers Pvt. Ltd. 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.
NIRAJISPAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pickup Suppliers Pvt. Ltd., a promoter/promoter-group entity of Niraj Ispat Industries, has submitted a disclosure under SEBI's Takeover Regulations confirming that it has not created any new pledge or encumbrance on the company's shares during FY ending March 31, 2025. Crucially, the filing states that as of March 31, 2025, the number of encumbered (pledged) shares held by the promoter stands at NIL, indicating that any previously disclosed pledges have been fully released. The declaration was signed by Director Chaitanya Chaudhry and shared with the company's audit committee.
Positive for shareholders — a NIL pledged share position eliminates near-term risks of forced share sales by the promoter and signals financial stability of the promoter group.