Shah Metacorp Limited has informed the Exchange regarding 'Submission of Disclosure under Regulation 31 (4)of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,2011. '.
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Shah Metacorp Limited has filed an annual disclosure under SEBI Regulation 31(4) & (5) of the Takeover Regulations, 2011. The filing confirms that Mr. Viral Mukundbhai Shah, on behalf of the Promoter and Promoter Group including Persons Acting in Concert (PAC), has declared that no new encumbrances (pledges/mortgages) on company shares were created during FY 2025-26, beyond what was already disclosed to the stock exchanges. This is a routine regulatory compliance filing required annually from promoters. The declaration was signed by both the Company Secretary and the Promoter himself on April 6, 2026.
This declaration is a positive signal for investors as it confirms promoters have not taken on additional leverage against their shareholding. No new pledges reduce the risk of forced share sales and indicate promoter confidence in the company's prospects.