HWIC Asia Fund and Fairbridge Capital (Mauritius) 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.
QUESS · price
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Fairbridge Capital (Mauritius) Limited (a Promoter) and HWIC Asia Fund Class A Shares (Promoter Group) have submitted a declaration to the stock exchanges confirming that they, along with their Person Acting in Concert (PAC) Thomas Cook (India) Limited, have not created any encumbrance (pledge) over their shares in Quess Corp Limited during the financial year ended 31 March 2026. This is a routine regulatory filing under SEBI Takeover Regulations requiring promoters to disclose the status of shares pledged by them.
This is a positive disclosure for shareholders as it confirms that the promoter group's shareholding in Quess Corp is unencumbered, meaning their shares are not pledged as collateral for loans. This reduces risk for retail investors as there is no threat of forced selling due to pledge invocation.