Prakash C Kanugo 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.
Prakash C. Kanugo, on behalf of the promoters, promoter group, and persons acting in concert of Prakash Steelage Limited, has filed a mandatory annual declaration with the exchange. The disclosure confirms that during the financial year ended 31st March 2025, no encumbrance (such as pledge, lien, or charge) was created, directly or indirectly, on the shares held by them in the company. The filing includes two annexures listing 17 promoter and promoter group entities (individuals, HUFs, and companies) along with their PAN details. This is a routine compliance filing required under SEBI takeover regulations.
This is a routine positive compliance disclosure — shareholders can take comfort that promoters have not pledged or encumbered their shares during the year. No material impact on stock price is expected from this filing.