Prem Kumar Bhajanka 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.
SHYAMCENT · price
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Prem Kumar Bhajanka, a promoter of Shyam Century Ferrous Limited, has filed a disclosure under SEBI Regulation 31(4) confirming that neither he nor any persons acting in concert (PACs) — including Yash Bal Bhajanka, Nancy Choudhary, and Tushar Bhajanka — have created any new share encumbrances (pledges) during FY 2025-2026 beyond what was already disclosed. This is a negative declaration — it explicitly states no fresh pledges have been placed on promoter shares in the reporting period.
A no-encumbrance disclosure is broadly positive for investors as it indicates the promoter has not risked their shares, reducing fear of forced sale or dilution from margin calls. However, it does not reveal existing pledge levels from prior periods.