Ramesh Kumar 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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₹319.75

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₹321.05

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AI summary

Ramesh Kumar Dua, a promoter of Relaxo Footwears, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and persons in control to disclose details of shares they have encumbered (pledged) with lenders or other parties. The announcement does not specify whether the pledged shares have increased, decreased, or if any pledge has been invoked. Further details would typically be available in the actual disclosure document filed with the exchange.

Likely market impact

This is a routine regulatory disclosure related to promoter share pledging. Investors should look for the actual disclosure details to understand if pledged shares have crossed key thresholds, as high promoter pledging can be a risk factor for the stock.