Kamal Kishore Sarda 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.
SARDAEN · price
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Awaiting price reaction for this filing.
Kamal Kishore Sarda, on behalf of himself and the entire promoter group of Sarda Energy & Minerals Limited, has submitted a declaration under Regulation 31(4) of SEBI Takeover Regulations to BSE and NSE. The declaration confirms that no encumbrance (no pledge, lien, or collateral) was created on any equity shares of the company held by the promoter and promoter group at any time during the financial year 2024-2025. The filing lists over 30 promoter group entities and individuals covered under the declaration. This is a routine annual compliance submission required by SEBI for all listed companies.
This is a neutral-to-positive compliance filing. It reassures shareholders that the promoter group did not pledge their shares as collateral for any loans during the year, which removes a common risk factor (forced selling risk) that worries investors when promoter pledges are high. No immediate impact on stock price is expected as this is a confirmation rather than a new action.