Devendra P. Shah 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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Promoter Devendra P. Shah has filed a compliance declaration confirming that no promoter, promoter group member, or person acting in concert has created any encumbrance (pledge or similar lien) on their shares for the period ended March 31, 2025. The disclosure lists the individual shareholdings of all 10 promoters, with the largest being Mr. Devendra Prakash Shah at 16.93% (2.02 crore shares), followed by Ms. Netra Pritam Shah at 11.62% (1.39 crore shares) and Mr. Pritam Prakash Shah at 7.67%. The total promoter group holding stands at 5.08 crore shares, equating to 42.53% of the company.
This is a routine compliance filing indicating that no promoter shares are currently pledged or encumbered, which is a positive signal for shareholder confidence. However, the total promoter holding at 42.53% remains below the 50% majority threshold, leaving the company with a non-majority promoter base.