Jatin Goel 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.
OMAXE · price
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Awaiting price reaction for this filing.
Jatin Goel, a member of the promoter group of Omaxe Limited, has filed an annual declaration under SEBI's Takeover Regulations for FY 2024-25. In the filing, he confirms that neither he nor the persons acting in concert with him have created any new encumbrance (pledge, lien, or charge) on their shares during the financial year, other than what has already been disclosed earlier. The declaration excludes six other persons acting in concert (Sunil Goel, Sunil Goel HUF, Seema Goel, Jai Bhagwan Goel, Rekha Goel, and Nakul Goel) as he does not have details of any encumbrance created by them.
This is a routine annual compliance filing and not a new event. It signals that no additional pledging of promoter shares has taken place in FY24-25 by Jatin Goel, which is mildly reassuring for shareholders concerned about promoter share encumbrance. No immediate impact on stock price is expected.