Solar Industries India 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.
SOLARINDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Three promoter group entities of Solar Industries India Limited — Founder & Promoter Kailash Chandra Nuwal, Promoter Manish Satyanarayan Nuwal, and the Sohan Devi Nand Lal Nuwal Family Trust — have submitted declarations under SEBI Regulation 31(4) for the financial year ended March 31, 2026. All three confirm that they and their respective connected persons (including family members such as Indira Kailashchandra Nuwal and Rahul Nuwal) have not encumbered any shares of the company directly or indirectly. Manish Nuwal's declaration carries a carve-out referencing shares already disclosed through System Driven Disclosures (SDD) during FY 2025-26, which is a standard regulatory caveat. The declarations were submitted through NEAPS and to the company's Audit Committee between April 3–4, 2026.
Positive for shareholders — promoter declarations confirming zero share encumbrances reduce risk of forced selling by lenders and signal promoter commitment to the company. The SDD carve-out in Manish Nuwal's filing is routine and does not indicate any concerning pledging activity.