Suvidhaa Infoserve 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.
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Suvidhaa Infoserve Limited filed its annual disclosure confirming that promoters and persons acting in concert have no direct or indirect encumbrance on the company's equity shares during FY 2024-25. The filing reveals that founder and past Chairman & Managing Director Mr. Paresh Rajde has passed away, and 8,04,02,580 of his equity shares have already been transmitted to his wife, Mrs. Sonal Rajde. The transmission of the remaining 16,991 shares (including 16,860 in physical form) is in progress. Once completed, Mrs. Sonal Rajde will hold 8,04,19,702 shares and is now recognized as the Promoter of the company. A list of 17 promoters, promoter group members, and persons acting in concert has also been submitted.
While this is a routine compliance filing with no encumbrances reported, it confirms a major governance change – the founder's stake has now formally shifted to his wife, who has taken on the promoter role. Control remains within the promoter family, which is reassuring for shareholders, but investors should note that the legal transition is still partly in progress.