Chetan Sureshchandra Shah 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.
SOLEX · price
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Awaiting price reaction for this filing.
Chetan Sureshchandra Shah, one of the promoters of Solex Energy Limited, has filed a mandatory annual declaration with NSE on behalf of the promoters, promoter group, and persons acting in concert. The declaration confirms that no new encumbrance (pledge or lien) has been created on the equity shares of Solex Energy Limited during the financial year ending March 31, 2025, other than what has already been disclosed. The filing includes an annexure listing 22 promoter and promoter group individuals along with their PAN numbers. This is a routine yearly compliance submission required under SEBI's takeover regulations and is not linked to any specific corporate action.
No material impact on shareholders or stock price. The declaration is a routine compliance filing, but the fact that promoters have not created any new encumbrance on shares is mildly reassuring, indicating no additional pledging of promoter holdings during the year.