Prem Kumar Bhajanka 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.
STARCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prem Kumar Bhajanka, a Promoter of Star Cement Limited, has submitted a disclosure confirming that neither he nor any persons acting in concert (PACs) have created any new encumbrances (pledges) on their shares during the financial year 2025-2026, beyond those already disclosed earlier. The PACs include Yash Bal Bhajanka, Nancy Choudhary, and Tushar Bhajanka, all forming part of the promoter group. This is a negative confirmation filing under SEBI's takeover regulations, essentially stating that share pledging activity by the promoter group has not increased this year.
A negative confirmation on encumbrances is generally neutral to positive for investors, as it indicates the promoter has not taken on additional debt backed by shares, reducing the risk of forced selling pressure.