Shyam Lal Agarwala 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.
SALONA · price
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Shyam Lal Agarwala, a promoter of Salona Cotspin Limited, has submitted a declaration to the NSE under Regulation 31(4) of SEBI's SAST Regulations, 2011. The declaration confirms that he and persons acting in concert have not created any new encumbrance (pledge) on their shares during Financial Year 2025-2026, other than what was already previously disclosed. This is a negative declaration certifying the absence of new share pledging activity by the promoter group during the specified period.
This declaration is neutral for shareholders as it confirms no additional share pledging has occurred by the promoter group beyond previously disclosed levels, indicating no immediate risk of potential share sales due to pledge invocation.