Suyog Telematics 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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Suyog Telematics promoter Shivshankar Lature has filed a disclosure confirming that no new share encumbrances were created during FY 2025-26. As of March 31, 2026, there is one existing pledge: 4,00,000 equity shares (pledged by Shivshankar Gurushantappa Lature to Mentor Capital Ltd since March 28, 2018). The filing also notes that Mr. Somnath Gurushantappa Lature has applied for reclassification from 'Promoter Group' to 'Public' category, pending exchange approval.
The disclosure shows no fresh pledge activity by promoters during the year, which is a positive sign for minority shareholders. However, the 2018 pledge remains outstanding. One promoter group member seeking reclassification to public category may signal a potential reduction in promoter group holding over time.