Privi Speciality Chemicals Limited 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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Two promoters of Privi Speciality Chemicals Limited, Rajkumar Doppalapudi and Prasanna Doppalapudi, have submitted declarations under Regulation 31(4) of SEBI (SAST) Regulations, 2011. Both promoters have disclosed that as of the financial year ended March 31, 2026, they do not hold any shares in the company. They have also confirmed that there are no encumbrances on shares held by them, as they hold zero shares. This disclosure is a regulatory requirement for persons who have made encumbrances on shares they hold.
This indicates a complete exit by these two promoter entities from the company's shareholding. With promoters holding zero shares, there are no encumbrances to report. This raises concerns about promoter commitment and may signal loss of insider confidence to outside investors.