We hereby want to inform you that there is no identifiable promoter of the company as on 31st March, 2025, therefor the provision of regulation 31(4) & 31(5) of the SEBI (SAST) Regulation, 2011
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Sun Retail Ltd has informed the BSE that there is no identifiable promoter of the company as on 31st March 2025. Because of this, the company states that the provisions of Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are not applicable to it. The filing was signed by the Whole-Time Director & CFO, Dharamjit Bhupatsinh Mori, on 7th April 2025. These SEBI regulations normally require entities holding a certain stake to make specific disclosures, but they do not apply when there is no identifiable promoter.
Shareholders should note that the company currently has no identifiable promoter group, meaning there is no controlling entity driving major decisions. This may raise governance concerns for some investors, as there is no defined promoter to be accountable for the company's strategic direction.