Pramod Ranjan 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.
ORIENTHOT · price
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Awaiting price reaction for this filing.
Pramod Ranjan, a promoter of Oriental Hotels Limited, has filed a declaration under SEBI's Takeover Regulations confirming that he and the entire promoter group (32 members listed in the annexure) have not created any new encumbrance, pledge, or charge on the company's shares during the financial year 2024-25, other than those already disclosed earlier. This is a routine annual compliance filing required from promoters to certify that no undisclosed share encumbrances exist. The declaration covers all promoters, promoter group members, and persons acting in concert with them.
This is a neutral, routine compliance disclosure with no material impact on shareholders. It reassures investors that promoters have not secretly pledged or encumbered additional shares, which is mildly positive for confidence in promoter stability.