Nirbhay Deepak 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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Gopikishan S. Damani, on behalf of the promoters of Avenue Supermarts Limited, submitted a disclosure under SEBI Regulation 31(4). The declaration confirms that the main Promoters and Persons Acting in Concert (PAC) did not create any encumbrance (pledge) on the company's equity shares during the financial year ended 31st March 2026. However, it separately notes that a member of the Promoter Group did create a pledge on the company's equity shares during FY 2025-26. This pledge was duly recorded in the depository system under System Driven Disclosure and was disseminated to stock exchanges as per applicable SEBI circulars.
The disclosure reveals that a Promoter Group member (separate from core promoters) has pledged shares, which could signal risk of potential share sale pressure if margins are breached. Shareholders should monitor for any further System Driven Disclosure updates regarding the size of this pledge.