ISG Traders 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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ISG Traders Limited, part of the Promoter Group of Star Paper Mills Limited, has submitted a declaration to the stock exchanges confirming that neither the Promoter Group nor persons acting in concert (PAC) have created any new encumbrance (pledge, lien, etc.) on the shares of Star Paper Mills during the financial year 2024-25, other than what was already disclosed earlier. This is a routine annual compliance filing required under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The declaration is for the year ended 31st March 2025 and was submitted on 7th April 2025.
This is a neutral, routine compliance filing with no material impact on shareholders. It simply confirms that the Promoter Group has not pledged or otherwise encumbered any additional shares, which is a positive indicator of promoter confidence and no hidden financial stress at the promoter level.