Bhautik D Madeka 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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Bhautik D Madeka, a promoter/person associated with Rolex Rings Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the exchange. Regulation 31(4) requires promoters and members of the promoter group to disclose their shareholding details and any encumbrances (such as pledges) on a continuing basis. The exact nature of the disclosure—whether it involves a pledge creation, release, or change in holding—is not specified in the headline. Investors should look for the detailed disclosure document to understand the specific action taken.
This is a routine regulatory compliance filing by a promoter. Since no specific details on pledge or stake change are available in the headline, there is no immediate actionable impact for shareholders unless the detailed disclosure reveals a significant change.