Sanjay Gupta 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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Sanjay Gupta, Promoter and Chairperson & Managing Director of Plaza Wires Limited, has submitted a nil encumbrance declaration to the exchanges. The disclosure confirms that all promoters, promoter group members, and persons acting in concert (PAC) have not pledged any shares of the company during FY 2025-26. As of March 31, 2026, the promoter group collectively holds 1,58,74,480 shares (approximately 70% stake) with zero encumbrance across all entities including Sanjay Gupta (36.28%), Sonia Gupta (29.14%), Abhishek Gupta (1.65%), and three private limited companies.
This positive disclosure indicates promoters are not under financial stress and their shareholdings carry no pledge risk, which is generally viewed favourably by investors as it signals stability and confidence in the company.