Race Eco Chain 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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Dinesh Pareekh, on behalf of all promoters and the promoter group of Race Eco Chain Limited, has filed a declaration under SEBI's Takeover Regulations for the financial year ended March 31, 2025. The disclosure confirms that the promoters and persons acting in concert have not created any encumbrances (such as pledges, liens, or charges) on the company's equity shares during the year. The promoter group includes Dinesh Pareekh, Sangeeta Pareekh, BLP Equity Research Pvt Ltd, and BGP-11 Analytics Pvt Ltd. This is a routine annual compliance filing required from promoters regarding their share encumbrance status.
This is a neutral, compliance-related disclosure. It assures shareholders that promoters have not pledged or otherwise encumbered their shares during the year, which removes any near-term risk of forced share sales due to pledge margin calls. No material impact on stock price is expected.