Sharda Relan 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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Sharda Relan, a promoter of Sharda Motor Industries, has filed a yearly disclosure with the stock exchanges confirming that she did not create any encumbrance (pledge or lien) on shares of the company during the financial year ended 31st March 2026. Her individual shareholding in the company stands at Nil equity shares (0% shareholding) as on 31st March 2026. This is a routine annual compliance filing required under SEBI takeover regulations, where every promoter must disclose whether they have pledged or otherwise encumbered their shares.
This is a neutral, routine compliance disclosure with no material impact on the stock. It confirms that no promoter shares were pledged during the year, which removes any short-term concern about forced sales from a pledge invocation. Investors should note that the disclosure pertains to one individual promoter who holds no direct shares in the company.