Jayant shamji Chheda 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.
PRINCEPIPE · price
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Jayant Shamji Chheda, a Promoter of Prince Pipes and Fittings Limited, has submitted a disclosure confirming that the Promoter and Promoter Group have not created any new share encumbrances during Financial Year 2025-26. This is a mandatory regulatory filing under SEBI's Takeover Regulations. The disclosure lists 18 members of the promoter group including family members (Parag Jayant Chheda, Vipul Jayant Chheda, Tarla J Chheda) and various family trusts (VS Family Trust, Lotus Family Trust, Sunflower Family Trust, Emerald Family Trust, Ruby Family Trust, Diamond Family Trust). This essentially confirms no additional share pledging has occurred.
The confirmation of no new encumbrances is a positive signal for shareholders, indicating promoters have not further pledged their stake and maintain financial stability without increasing leverage on their shareholding.