Ruchira Papers Limited has informed the Exchange regarding ' Disclosure Pursuant To Regulation 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulation, 2011 Received From Smt. Shashi Garg, Promoter And Whole Time Director Of The Company'.
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Ruchira Papers Limited has informed the stock exchange about a disclosure received from Smt. Shashi Garg, who is a Promoter and Whole Time Director of the company. The disclosure has been made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation typically applies when a promoter creates, releases, or modifies any encumbrance (such as a pledge) on their shares. The headline does not specify the exact nature of the disclosure—whether it is a pledge creation, invocation, or release—and no specific numbers are mentioned in the available text.
Investors should look for the detailed disclosure to understand whether promoter shares have been pledged, released, or invoked, as this affects the level of encumbrance on promoter holdings and can influence short-term sentiment.