Roma wadhwa 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.
RITCO · price
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Roma Wadhwa, a promoter of Ritco Logistics Limited, has filed a Regulation 31(4) disclosure with the stock exchanges confirming that she has not created any encumbrance (pledge or other charge) on the company's shares during the financial year ended March 31, 2025. She also confirms that the total number of encumbered/pledged shares held by the promoter stands at Nil as of March 31, 2025. This is a routine annual compliance filing required from promoters under SEBI takeover regulations.
A nil pledge position is a positive sign for shareholders, as it indicates no promoter-level leverage or forced-sale risk from encumbered shares. However, this is a routine compliance disclosure and is unlikely to materially move the stock price.