Sameer Gehlaut 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.
Awaiting price reaction for this filing.
Sameer Gehlaut, founder and promoter of Dhani Services, has submitted a declaration under SEBI's Takeover Regulations confirming that neither he nor any Persons Acting in Concert (PAC) created any encumbrance (pledge or charge) on shares of the company during FY 2024-25. As of March 31, 2025, the Promoter Group holds 17,83,28,203 fully paid-up equity shares, representing 29.13% of the paid-up share capital and 29.32% of total voting rights, and this entire stake is free of any encumbrance. The declaration has also been shared with the company's Audit Committee as required under the regulations.
This is a routine compliance filing that signals promoter confidence — the promoter group's entire ~29% stake remains unencumbered (no pledges or loans against shares), reducing near-term concerns about forced selling. However, the promoter holding is well below 50%, meaning the company is effectively a professionally-managed entity with no single controlling block, which could leave it more vulnerable to takeover attempts or large stake acquisitions by others.