Milan M. Mehta 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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Milan M. Mehta, on behalf of Milan M. Mehta HUF (a member of the promoter group), has filed a declaration with the stock exchanges confirming that none of the shares held by the HUF are pledged or encumbered as of 31st March 2025. This is a routine annual compliance filing required under SEBI's takeover regulations, where promoter group members must confirm whether their shares are encumbered. The filing indicates clean shareholding with no encumbrance on the HUF's stake.
This is a neutral, routine compliance filing. It reassures investors that at least this portion of promoter holdings is free of pledges, with no immediate impact on stock price or shareholder value.