Disclosue under Regulation 31(4) of SEBI (Substantial Acquisitions of Share and Takeovers) Regulations, 2011
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Novus Loyalty Ltd filed a nil disclosure under SEBI Regulation 31(4) for the year ended 31st March 2026. The Promoter and Promoter Group, represented by Managing Director Deepak Tomar, declared that they have not created any encumbrance (pledge) of shares during the financial year. This is a routine compliance filing confirming no promoter share pledging activity took place during the period.
A nil disclosure under Regulation 31(4) is a positive indicator for investors as it confirms promoters have not encumbered their shares, meaning their holdings remain unencumbered and are not pledged against any loans or liabilities.