Apoorva Kumat 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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Apoorva Kumat, on behalf of the promoters and promoter group of Prataap Snacks Limited, has submitted the annual Regulation 31(4) declaration to NSE and BSE. Under this SEBI requirement, promoters must confirm each year whether they have created any encumbrance (such as a pledge or lien) on the company's shares. The declaration states that the promoters, along with persons acting in concert, have not made any encumbrance — directly or indirectly — on the shares of the company during FY2024-25. A list of 19 promoter and promoter group members has also been provided.
This is a routine regulatory filing and is neutral for shareholders. It simply confirms that promoters have not pledged or otherwise encumbered their shareholdings during the year, which removes any near-term risk of forced share sales due to pledge-related triggers.