Dr Deepak Kumar Seth, Payal Seth, Pulkit Seth, Pallak Seth 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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Promoters of PDS Limited — Dr Deepak Kumar Seth, Payal Seth, Pulkit Seth, and Pallak Seth — have filed a disclosure with the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of shares they have pledged or otherwise encumbered. The company has shared the disclosure copy with the exchanges as mandated.
This is a routine compliance filing by the promoter group regarding pledged/encumbered shares. Investors should look at the attached disclosure for specific details on whether the pledge levels have changed, as any significant increase in encumbered shares could be a concern.