Ganges Securities 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.
PALASHSECU · price
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Awaiting price reaction for this filing.
Ganges Securities Limited and 16 other promoter group entities and persons acting in concert have filed annual declarations with NSE and BSE confirming they have not created any new encumbrance (pledge, lien, or similar) on their shares of Palash Securities Limited during the financial year ended March 31, 2025. The declarations cover all existing encumbrances already disclosed earlier. Promoters include individuals like Chandra Shekhar Nopany and Nandini Nopany, family trusts (Shekhar Family Trust, Shruti Family Trust), and group companies such as SCM Investment, RTM Investment, New India Retailing, Sonali Commercial, Ronson Traders, and others linked to the Birla Sugar group. This is a routine yearly compliance filing required by SEBI for every promoter and person acting in concert.
This is a neutral, routine regulatory filing with no material impact on the stock. It reassures shareholders that promoters have not pledged additional shares during the year, meaning no fresh financing pressure or collateral concerns from the promoter group.