Vishal Mehta 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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Vishal Mehta, a promoter/promoter group member of Odigma Consultancy Solutions Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and members of the promoter group to disclose details of shares encumbered (pledged) with any lender. The filing was made to comply with this disclosure requirement but the specific details regarding the number of shares encumbered, the lender, or any change in encumbered holdings have not been provided in the headline.
Shareholders should review the full Regulation 31(4) disclosure filed by Vishal Mehta to understand whether promoter shares are pledged, and if so, the extent and terms. Any significant pledging or changes in pledged shares can be a risk signal worth monitoring.