Pardeep Garg Family Trust�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.
Awaiting price reaction for this filing.
Pardeep Garg Family Trust, the promoter of Kundan Minerals and Metals Limited, has filed its annual compliance declaration under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. As on March 31, 2025, the promoter group holds 5,74,58,654 equity shares of the company. The Trust has certified that no encumbrance (pledge or similar charge) was created on these shares, directly or indirectly, during FY2024-25. The filing also notes that 5,74,58,654 equity shares were allotted to the Trust on 29/05/2024, which are still pending credit in the NSDL/CDSL demat account. This is a routine annual compliance filing required from promoters holding more than 20% of a company's shares.
This is a routine annual compliance filing with no negative implications for shareholders. The confirmation of no new pledge or encumbrance on promoter shares is a neutral-to-positive signal, indicating the promoter group is not under financial pressure requiring them to pledge their holdings. Shareholders can view this as a standard governance disclosure.