Vijay Shankarlal Bankda 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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Vijay Shankarlal Bankda, Promoter & Managing Director, along with persons acting in concert (PAC), has filed a declaration under SEBI (SAST) Regulation 31(4) for the financial year ended 31 March 2025. The promoter group confirms that no new encumbrances (such as pledges, liens, or mortgages) have been created on the company's shares beyond what was already disclosed during the year. One PAC, Asha Vijay Bankda, holds 1,35,00,000 (1.35 crore) equity shares of Rs. 1 each under lock-in until 30 June 2025, arising from conversion of warrants under a preferential issue pursuant to Regulation 167 of SEBI ICDR Regulations. The annexure lists 9 promoter and PAC entities, including family members and two group companies (Strand Developers Pvt. Ltd. and Paradise Vyapaar Pvt. Ltd.).
This is a routine annual compliance filing and largely procedural. It reassures shareholders that the promoter group has not pledged or encumbered any additional shares. However, the lock-in on 1.35 crore shares expires on 30 June 2025, which could add to the floating supply and be mildly price-sensitive once the lock-in period ends.