Dharmil A. Bodani and Shyamal A. Bodani 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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Promoters Dharmil A. Bodani and Shyamal A. Bodani have submitted a disclosure to the exchange confirming they have not created any encumbrance (pledge) on their shareholding in Oriental Aromatics Limited. The declaration covers 2,49,60,000 shares representing 74.17% of the total share capital held by the promoter and promoter group. This is a routine regulatory filing under SEBI's takeover regulations to declare the pledge status of promoter shares.
This is a positive confirmation for investors as it shows promoters have not pledged their shares, reducing risk of forced selling. The strong promoter holding of 74.17% indicates significant promoter commitment to the company.