SAREGAMA 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.
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Saregama India Limited, part of the promoter group of Spencer's Retail Limited, has submitted a disclosure to NSE and BSE confirming that it holds NIL shares in Spencer's Retail as of 31st March 2025. The filing, made under Regulation 31(4) of SEBI's Takeover Regulations, declares that Saregama has not created any encumbrance (pledge, lien, or similar charge) on shares of Spencer's Retail during the financial year 2024-25. This is a routine annual compliance submission from the promoter group entity.
This is a routine regulatory disclosure and has no material impact on Spencer's Retail shareholders or stock price. It simply confirms that the promoter group entity holds no shares and has not pledged any shares during the year.