PRANAV RAVI BHARDWAJ 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.
SUNFLAG · price
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PRANAV RAVI BHARDWAJ, a member of the Promoter Group of Sunflag Iron and Steel Company Limited, has submitted an annual disclosure under Regulation 31(4) of SEBI SAST Regulations, 2011. The filer declares holding 16,12,140 equity shares of the company. Importantly, the disclosure states these shares are free from any encumbrance and that no encumbrance was created on the shares, directly or indirectly, during the financial year ended 31st March, 2026. This is a standard annual compliance filing by a promoter group member confirming their shareholding status and absence of pledge or charge on their shares.
This is a positive disclosure indicating no encumbrance on promoter group shares. It reassures shareholders that the promoter group holdings are unencumbered, which reduces concerns about potential forced selling or stake dilution through pledged shares.