SUHRIT RAVI BHUSHAN 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.
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Awaiting price reaction for this filing.
Suhrit Ravi Bhushan Bhardwaj, a member of the promoter group, has filed an annual declaration under Regulation 31(4) of the SEBI Takeover Regulations for the financial year ended 31st March 2025. The filing states that he holds 1,32,17,398 equity shares (approximately 1.32 crore shares) of Sunflag Iron and Steel Company, and these shares are completely free from any encumbrance such as pledge or lien. He has also confirmed that no encumbrance was created on these shares, directly or indirectly, during the financial year. This is a routine annual compliance filing required from promoter group members and is not a transaction-based disclosure.
This is a routine compliance filing with no material impact on the stock price. It simply confirms that the promoter group member's shareholding remains unchanged and unencumbered, providing reassurance to investors that no hidden pledges or encumbrances exist on these promoter-held shares.