Manoj Kumar Daga 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.
Manoj Kumar Daga, on behalf of himself and other promoter group members acting in concert, has submitted a compliance disclosure to the audit committee and stock exchanges. Under Regulation 31(4) of SEBI Takeover Regulations, he confirms that during the financial year ended 31st March 2025, the promoter group has not created any encumbrance (pledge, charge, or lien) on the shares they hold in the company. This is a mandatory yearly declaration required from promoters and person acting in concert.
This is a routine compliance filing and is mildly positive for shareholders, as it confirms promoters have not pledged their shares, reducing concerns about forced selling risk. No material impact on stock price is expected.