Sanjjeev Kumar 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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Awaiting price reaction for this filing.
Sanjeev Kumar Elwadhi, a promoter of Ritco Logistics Limited, has filed the annual disclosure required under SEBI's takeover regulations for FY ending March 31, 2025. He has confirmed that he has not created any new encumbrance (pledge or lien) on his shares in the company during the year, other than anything already disclosed earlier. He further states that as of March 31, 2025, the number of encumbered or pledged shares held by him as promoter stands at Nil. The filing is a routine yearly compliance submission to both NSE and BSE.
This is a neutral, compliance-only disclosure. With zero pledged shares, there is no immediate risk of forced selling or margin pressure on the stock from the promoter. Investors should note there is no change in the promoter's encumbered holdings.