Rajeev Samant 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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Rajeev Samant, the founder and promoter of Sula Vineyards, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of shares that are pledged or otherwise encumbered. The filing indicates some change in the encumbered (pledged) shares held by the promoter, though the exact nature—whether it is a new pledge, release, or invocation—is not specified in the headline. No specific share numbers or percentage changes have been disclosed in this brief announcement.
This is a routine regulatory disclosure from the promoter regarding pledged shares. Shareholders should monitor for follow-up filings that reveal whether the pledge position has increased, decreased, or been invoked, as significant changes can affect promoter holding stability and stock sentiment.