Hitesh Shah 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.
Hitesh Shah, acting on behalf of the Promoters, promoter group, and Persons Acting in Concert (PAC) of Renaissance Global Limited, has submitted a declaration to the stock exchanges for Financial Year 2024-25. The declaration confirms that no encumbrance — meaning no pledge or similar charge, directly or indirectly — has been created on the shares of the company held by the promoters during FY2024-25. This is a routine annual compliance filing required under SEBI takeover regulations.
This is a neutral-to-positive disclosure. It reassures shareholders that promoters have not pledged their holdings, reducing concerns over potential forced selling or margin-related risks. The stock is unlikely to see any significant price movement on the back of this routine filing.