Sunil Raisoni 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.
SHRADHA · price
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Sunil Raisoni, a promoter of Shradha Realty Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation requires promoters to disclose details of shares that have been pledged or otherwise encumbered when encumbrance crosses certain thresholds of their total shareholding. The actual contents of the disclosure — including how many shares are encumbered and at what percentage — are not shared in this announcement, only the fact that it was filed.
Investors should look for the detailed disclosure to understand whether Raisoni's pledged shares have crossed the 50% mark or changed significantly, as high promoter pledging can be a risk signal affecting stock sentiment.