Naresh Kumar Bansal 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.
RAMASTEEL · price
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Awaiting price reaction for this filing.
Promoter Naresh Kumar Bansal has filed the annual declaration under Regulation 31(4) of SEBI's Takeover Regulations for FY ended March 31, 2025. As of March 31, 2025, the promoter and promoter group together hold 7,45,46,706 equity shares of the company. Importantly, the promoters have confirmed that they have not created any encumbrance (pledge or similar charge) on these shares, directly or indirectly, during the entire financial year FY25. This is a routine annual compliance filing required from promoters each year.
No negative impact on shareholders. The absence of any new pledge or encumbrance on promoter shares is a mildly positive signal, indicating promoters have not used their stake as collateral for loans and are not under financial pressure that would require pledging shares.