Promoters Disclosure under regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011
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The company has filed the annual disclosure required under SEBI's Takeover Regulations, submitted by its promoter group for the financial year ended 31 March 2025. The promoter group, which includes Ashok Jaiswal, Vishal Jaiswal, Ajay Jaiswal, Poonam Jaiswal, Niharika Jaiswal and Shikha Jaiswal, has confirmed that no new encumbrances (such as pledges or liens) were created on their shares during FY2024-25, other than those already disclosed earlier. The filing is essentially a compliance formality confirming that the promoters' shareholding encumbrance status remains unchanged from previous disclosures. Note: the document content refers to Adarsh Mercantile Limited (Scrip Code 538563), not SMT Engineering Ltd.
This is a routine compliance filing with no fresh pledging, un-pledging, or stake movement by promoters. It carries no material impact on share price or shareholder risk, but reassures investors that promoters have not added financial stress via share pledges during the year.