Ashokkumar Tarachand Shah 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.
SURAJLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Ashok Shah, a promoter of Suraj Limited, has submitted a declaration under SEBI Regulation 31(4) confirming that he and persons acting in concert (PAC) have not made any encumbrance (pledge) on their shares during the Financial Year ended 31st March 2026. The declaration covers 13 entities including individual promoters and promoter group members. This is a routine regulatory filing where promoters confirm no new share pledges were created during the year.
This is a positive disclosure indicating promoters have not taken on additional debt against their shareholding, which suggests financial stability in the promoter group. No immediate impact on stock price expected, though it removes any concern about pledge-related dilution risk.