Indira Choudhary 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.
SHARDAMOTR · price
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Awaiting price reaction for this filing.
Indira Choudhary, a member of the promoter group of Sharda Motor Industries, has filed a declaration under SEBI's Takeover Regulations confirming she did not create any encumbrance (pledge or otherwise) on her shares during the financial year ended 31st March 2025. As on 31 March 2025, she holds 2,65,185 equity shares, representing 0.92% of the company's total shareholding. This is a routine annual compliance filing required from promoters and promoter group members.
This is a neutral, routine disclosure. It reassures shareholders that no promoter group shares have been pledged or encumbered during the year, which is mildly positive for confidence but unlikely to materially move the stock price.