Shankara Buildpro Limited 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.
BUILDPRO · price
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Promoter Mr. Sukumar Srinivas, along with members of the promoter group (Mrs. Parwathi Srikanth Mirlay, Mr. Dhananjay Mirlay Srinivas, and M/s Shankara Holdings Private Limited), has submitted a declaration to the stock exchanges confirming that no encumbrance (pledge) was created on their shares in Shankara Buildpro Limited during financial year 2025-26. This is a mandatory disclosure under SEBI Regulation 31(4) of the Takeover Regulations, requiring promoters to periodically declare any pledges on their shareholding.
The absence of any encumbrance on promoter shares is a positive signal for investors, as it indicates the promoter group has not leveraged their stake, reducing risk of forced selling or share dilution.