Regulation 31(4) of SEBI (SAST) Regulation 2011
Awaiting price reaction for this filing.
Promoter Omprakash Jain, on behalf of all promoters and members of the promoter group including Persons Acting in Concert (PAC), has submitted a declaration to BSE confirming that no new share encumbrances have been created during FY 2025-26 beyond what was already disclosed earlier. The filing is made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which requires promoters to periodically declare their share pledging/encumbrance status. The company (Scrip Code: 538786) is based in Ahmedabad with registered office at Sakar-2, Ellisbridge Corner.
No fresh encumbrances on promoter shares is a positive signal for existing shareholders as it indicates lower risk of forced selling by lenders and a relatively stable promoter holding structure. The stock is not under immediate pledged-share pressure.