Softtech Engineers Limited 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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Vijay Gupta, Promoter and Managing Director of Softtech Engineers, has filed an annual declaration confirming that the promoter group did not create any encumbrance (pledge, lien, or charge) on their shares during the financial year ending 31 March 2025. The promoter group, which includes Mr. Vijay Gupta, Mrs. Priti Vijay Gupta, Mr. Chirag Vijay Gupta, and CoVisible Solutions (India) Private Limited, collectively holds 26,07,872 equity shares representing 18.89% of the company. This is a routine yearly compliance filing required under SEBI takeover norms.
This is a routine regulatory disclosure with no negative implications. It reassures investors that the promoter group has not pledged or encumbered any of their holdings during the year. However, shareholders should note that promoter holding remains low at 18.89%, which keeps the stock more vulnerable to takeover attempts or significant price swings.