Sukumar Srinivas 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.
SHANKARA · price
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Sukumar Srinivas, a promoter of Shankara Building Products Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and promoter group members to declare annually that there has been no change in their shareholding during the financial year. The filing is a routine regulatory compliance and indicates that the promoter's stake in the company has remained unchanged. No details about buy, sell, or pledge of shares are mentioned in the disclosure.
This is a routine compliance filing with no material impact on the stock price or shareholder value. It simply confirms that the promoter has not bought or sold any shares during the relevant period.