Munish Avasthi 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.
SPORTKING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Munish Avasthi, a promoter of Sportking India Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of any encumbrance (such as pledging) on their shares. The announcement does not specify whether this is a creation, modification, or release of a pledge, nor the number of shares or percentage involved. Full details would be in the attached disclosure document.
Investors should review the attached disclosure to understand any change in encumbrance (pledge) on promoter-held shares, as pledge-related disclosures can affect perception of promoter financial health and stock sentiment.