Vaishali Chaudhary 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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Vaishali Chaudhary, a promoter of Niraj Ispat Industries Limited, has submitted a declaration to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. She confirmed that she, along with persons acting in concert, has not created any new encumbrance (pledge or otherwise) on the shares of the company during the financial year ended 31st March 2025. Furthermore, as of March 31, 2025, the total number of encumbered or pledged shares held by promoters of Niraj Ispat Industries Limited stands at Nil. This is a routine annual regulatory filing made to confirm zero pledging activity.
This is a neutral, routine compliance filing. With promoter pledged shares at Nil, there is no risk of forced selling or margin call pressure on the stock from the promoter side. Shareholders can take comfort that promoters have not pledged their holdings as collateral.