Pulkit 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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Pulkit Seth, on behalf of the promoters and persons acting in concert (including Shifalli Seth and Nim International Commerce LLP), has submitted a declaration to the stock exchanges for the financial year ended March 31, 2025. Under Regulation 31(4), the promoters have confirmed that they have not created any encumbrance (pledge, lien, or charge) on their shares, directly or indirectly, during FY2024-25. This is an annual compliance filing required from promoters to disclose any pledging activity on their holdings.
This is a routine annual compliance filing with no negative implications for shareholders. The absence of any new share encumbrance is a neutral-to-positive signal, indicating promoter shares were not pledged during the year, which reduces concerns about forced selling risk.