Rajan Raheja, Suman Raheja, Akshay Raheja, Viren Raheja, Globus Stores Private 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.
SONATSOFTW · price
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On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 2.0 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The promoter group of Sonata Software Limited — Rajan Raheja, Suman Raheja, Akshay Raheja, Viren Raheja, and Globus Stores Private Limited — has filed a declaration with the stock exchanges dated 2nd April 2025 for the period ended 31st March 2025. As per SEBI's Regulation 31(4) of the Substantial Acquisition of Shares and Takeovers Regulations, 2011, the promoters have confirmed that they have not created any encumbrance (pledge, lien, or mortgage) on the shares of Sonata Software held by them, either directly or indirectly. This is a routine annual compliance filing required of promoter groups and does not involve any change in shareholding.
This is a neutral, routine compliance filing. It provides comfort to shareholders that promoters have not pledged their shares, reducing near-term risk of forced selling due to margin calls. No impact on stock price is expected from this disclosure alone.