Himanshu Gupta 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.
SCHAND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Himanshu Gupta, Managing Director and Promoter of S Chand And Company Limited, has submitted an annual declaration confirming that none of the promoters, promoter group members, or persons acting in concert have created any encumbrance on the company's shares during the financial year ended March 31, 2026. The disclosure lists 24 entities including 2 promoters (Mr. Himanshu Gupta and Mr. Dinesh Kumar Jhunjhnuwala) and 22 promoter group entities such as family members, private companies, LLPs, and trusts. This is a routine regulatory compliance filing required under SEBI takeover regulations.
This declaration is positive for investors as it confirms promoters have not pledged their shares, eliminating risks of forced selling from share-backed loans. It provides transparency on promoter shareholding and encumbrances, which is generally viewed favourably by the market.