Sudhir Jatia 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.
SAFARI · price
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Awaiting price reaction for this filing.
Sudhir Jatia, a promoter of Safari Industries, has filed an annual declaration under SEBI's Takeover Regulations confirming that no encumbrance (such as pledge, lien, or mortgage) has been created on the shares held by the Promoters and Promoter Group during the financial year ending 31st March 2025. This is a routine annual compliance filing required under Regulation 31(4). The declaration is dated 7th April 2025 and has been submitted to both BSE and NSE.
This is a positive, routine compliance filing. It signals that promoters have not pledged any of their shares as collateral during the year, which is reassuring for retail investors as high promoter pledging is often viewed as a risk factor.