CAG-TECH (MAURITIUS) 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.
SUNDROP · price
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CAG-TECH (Mauritius) Limited, a promoter shareholder of Sundrop Brands Limited, has submitted a disclosure confirming that as of March 31, 2026, it held 1,46,66,522 equity shares in the company. The filing explicitly states that there are no encumbrances (no pledge) on these shares, directly or indirectly. The only restriction noted is a pre-existing Non-disposal undertaking over 100% of the promoter's holding, which had already been disclosed to the stock exchanges. This is a routine regulatory confirmation of promoter shareholding and encumbrance status.
No pledge on promoter shares is positive for existing shareholders as it removes risk of forced sale. The promoter holding above 50% with a non-disposal undertaking signals stability in the controlling stake.