Mukand Lal Dua 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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Awaiting price reaction for this filing.
Mukand Lal Dua, one of the promoters of Relaxo Footwears, has filed an annual declaration with the stock exchanges confirming that he and persons acting in concert (Usha Dua, Nikhil Dua, Ritesh Dua, Nitin Dua, and Mukand Lal Dua HUF) have not created any encumbrances — such as pledges or liens — on their shares during the financial year 2024-25. This is a routine annual compliance filing required under SEBI's Takeover Regulations. No transactions, share pledges, or encumbrances were created by the promoter group in the year.
This is a routine compliance filing with no material impact on the stock. It reassures shareholders that the promoter group did not pledge or encumber their holdings during the year, which is mildly positive for governance and promoter confidence.