PAGAC Ecstasy Pte 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.
NUVAMA · price
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Awaiting price reaction for this filing.
PAGAC Ecstasy Pte Ltd, a promoter of Nuvama Wealth Management, has filed a compliance declaration under SEBI's Takeover Regulations. The filing states that the promoters, promoter group members, and persons acting in concert have not created any new encumbrances (such as pledges or charges) on their shares in the company during the financial year ended March 31, 2025, beyond what was already disclosed. The declaration covers PAGAC Ecstasy Pte Ltd (Promoter) and Asia Pragati Strategic Investment Fund (Promoter Group). This is a routine annual compliance submission required under Regulation 31(4) of the SEBI Takeover Regulations, 2011.
This is a routine regulatory filing with no material impact on shareholders or the stock. It essentially confirms that promoters have not pledged or otherwise encumbered any additional shares, which is a neutral-to-slightly-positive signal regarding promoter confidence in the stock.