BINOD KUMAR AGARWAL 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.
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Awaiting price reaction for this filing.
Promoter and Managing Director Binod Kumar Agarwal has filed the annual declaration required under SEBI's Takeover Regulations for the financial year ending 31st March 2025. He confirmed on behalf of the promoter and promoter group that they collectively hold 5,33,67,490 shares, representing 65.425% of the company's total share and voting capital. Importantly, he declared that no encumbrance (such as pledge or lien) has been created on these shares, directly or indirectly, during FY25. This is a routine annual compliance filing, not a buy or sell transaction.
This is a neutral, compliance-only filing. There is no change in promoter shareholding or any pledge activity, so it is unlikely to move the stock price. For shareholders, it confirms that the promoters retain a comfortable 65.4% stake with no encumbrances, which is a sign of stability.