Paras Petrofils 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 Petrofils Limited has submitted an annual disclosure under SEBI's Takeover Regulations on behalf of its promoter group. Mr. Deepak Vaidya, Whole-time Director, declared on behalf of all promoters and persons acting in concert that no shares held by the promoter group were encumbered (pledged or charged) during the financial year ending 31st March 2025. This is a routine annual compliance filing required from every listed company's promoter group. The disclosure was submitted to NSE, BSE, and Calcutta Stock Exchange.
This is a neutral-to-mildly positive filing for retail investors. It confirms that promoters did not pledge any of their shares as collateral during the year, reducing concerns about forced selling or margin pressure on promoter holdings.