Ocean Capital Market Limited 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.
Awaiting price reaction for this filing.
Ocean Capital Market Limited (OCML), a promoter of ARSS Infrastructure Projects Limited, has submitted a compliance disclosure under Regulation 31(4) of SEBI SAST Regulations, 2011. The filing confirms that neither OCML nor any persons acting in concert (PACs) created any encumbrances (pledges) on their shares during FY 2025-26. The disclosure also provides updated shareholding details: OCML holds 30,00,000 shares (3.33%) and its PAC, Roger Bravo Secured Development Fund, holds 7,35,00,000 shares (81.56%), totaling 7,65,00,000 shares representing 84.89% of the company. This filing is essentially a negative declaration confirming zero pledge activity for the year.
The confirmation of no new encumbrances is a positive signal for investors as it indicates the promoter group has not leveraged their shares, reducing risk of forced selling. The very high combined holding of ~85% leaves very little free-float.