Sukhjit Starch & Chemicals 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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Sukhjit Starch & Chemicals Limited has submitted a yearly disclosure for FY 2024-25 under SEBI's takeover regulations. Kuldip Krishan Sardana, on behalf of all promoters and persons acting in concert (PAC), has declared that there was no encumbrance — such as pledge, lien, or any other charge — on their shares in the company, either directly or indirectly, during the entire financial year. He has further confirmed that as of 31st March 2025, the promoters and PACs continue to hold their shares free of any encumbrance. The list of all 38 promoters and promoter group members has been enclosed as Annexure A. This is a routine annual compliance filing required from promoters of listed companies.
This is a positive and reassuring disclosure for retail shareholders — it confirms that promoter holdings are not pledged with any lender, which means there is no immediate risk of forced share sales due to margin calls or loan defaults. Promoter pledge levels are a key red flag for retail investors, and the absence of any encumbrance signals financial stability of the promoter group.