Dr Chetankumar 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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dr. Chetankumar Sureshchandra Shah, on behalf of the Promoters and Promoters Group of Solex Energy Limited, has submitted a declaration confirming that no equity shares were encumbered (pledged) during the financial year ending 31st March 2026. This is a mandatory SEBI regulation requiring promoters to disclose any pledge of shares. The filing includes Annexure A listing 22 individuals/entities forming the promoter group, including key persons like Kalpeshkumar Ramanbhai Patel, various members of the Rathi and Chandak families, and other associates.
Positive for investors as it confirms promoters have not pledged their shares, reducing the risk of forced selling pressure. This indicates promoter commitment and financial stability, which is a reassuring signal for shareholder confidence.