Vijay Ramanlal Sanghavi has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) and 31 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Vijay Ramanlal Sanghavi, a promoter of Ratnaveer Precision Engineering Limited, has submitted a disclosure to the exchange under Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These provisions require promoters and persons acting in concert to disclose the creation, modification, or release of encumbrance (pledge) on shares held by them. The announcement itself does not specify whether the disclosure relates to pledging, release, or invocation of shares, nor does it mention the number of shares or percentage involved.
This is a routine regulatory compliance filing. The actual impact on shareholders will depend on whether shares were newly pledged, released from pledge, or invoked—details that are not provided in this announcement. Investors should look for the full disclosure document to assess the implications.