Dheeraj Garg 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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Awaiting price reaction for this filing.
Dheeraj Garg, on behalf of all promoters, promoter group entities, and persons acting in concert of Steel Strips Wheels Limited, has submitted a yearly compliance declaration to the stock exchanges for the financial year ended March 31, 2025. Under Regulation 31(4) of SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, he has confirmed that none of the promoters or promoter group entities have created any encumbrance (such as a pledge or charge) on the company's shares, directly or indirectly, during the year. The filing includes an annexure listing all promoter and promoter group entities covered by the declaration. This is a routine annual compliance requirement, not a new transaction or event.
Neutral for shareholders. The declaration confirms no fresh pledging of promoter holdings during the year, which removes a potential overhang concern. As a routine compliance filing, it is unlikely to move the stock price but reassures investors that promoter shares are not being encumbered.