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.
PRAKASHSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prakash C. Kanugo, Promoter of Prakash Steelage Limited, has submitted a declaration to BSE and NSE confirming that the Promoters, Promoter Group, and Persons Acting in Concert (PACs) have not created any encumbrance (pledge/charge) on their shares during the Financial Year ended 31st March, 2026. This is a negative declaration filed under SEBI Takeover Regulations, meaning it confirms the absence of a specific event rather than reporting a new transaction. The disclosure covers the entire promoter holding in the company.
Positive signal for shareholders as promoter shares are free from pledge obligations, reducing risk of potential forced selling. This indicates promoter confidence and financial health of the promoter group.