Announced Thu, 2 Apr · 13:15 IST
As per the captioned subject, promoter, Mr. Rikin B. Agarwal hereby confirm on behalf of promoter and promoter group that they have not encumbered any shares directly or indirectly. Please ....
Ownership Changes View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.0%1-day move
₹50.00
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+6.0—+12.0+12.0—+13.0—-2.6-8.8-17.6
Up moveDown movePending
AI summary
Shanti Spintex Ltd's promoter Mr. Rikin B. Agarwal has confirmed on behalf of the promoter and promoter group that no shares have been encumbered or pledged, either directly or indirectly. This is a standard regulatory disclosure under SEBI regulations requiring promoters to periodically disclose their pledge status. The filing serves as a negative confirmation, meaning promoters have not used their shareholding as collateral for loans.
Likely market impact
This is a positive signal for shareholders as it confirms promoters have not pledged their shares, eliminating risk of forced selling due to margin calls or loan defaults.