Paras Defence And Space Technologies 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.
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Awaiting price reaction for this filing.
Paras Defence and Space Technologies has filed an annual declaration under SEBI's Takeover Regulations confirming that its promoters and promoter group did not create any new encumbrance (pledge, lien, or charge) on their shares during the financial year ended March 31, 2025. The declaration was made by Mr. Sharad Virji Shah on behalf of all promoters and the promoter group, which includes 8 individuals/family members. Any encumbrances already disclosed earlier remain unchanged. This is a routine yearly compliance filing required from every listed company whose promoters hold shares.
This is a neutral, routine compliance filing. It reassures shareholders that promoters have not pledged any additional shares as collateral during the year, which means no new financial stress on the promoter side related to share encumbrance. Stock price impact is unlikely from this disclosure alone.