SONAMLTDNSESONAM LIMITEDMinimalNeutral
Announced Tue, 26 May · 13:06 IST

SONAM 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.

SONAMLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹57.98
prior close
₹56.83
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+0.7+0.5+0.3-3.4-0.8+1.8-1.7+2.3-3.9-4.6-11.7-5.1
Up moveDown movePending
AI summary

Jayesh C. Shah, Promoter and Managing Director cum Chairman of Sonam Limited (formerly Sonam Clock Limited), has submitted a declaration to NSE on behalf of the promoters, promoter group, and persons acting in concert (PAC). The disclosure confirms that no shares of the company have been encumbered — directly or indirectly — during the financial year ending 31st March, 2026. This is a regulatory compliance filing under SEBI's Takeover Regulations, requiring promoters to declare any share encumbrances. The absence of encumbrances is a positive signal regarding the promoter's ownership and control over the company's shares.

Likely market impact

No encumbrances declared means the promoter's shareholding is free of any pledging or charges, which is reassuring for investors regarding control and potential dilution risks.