Synergy Green Industries 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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Synergy Green Industries Limited has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of shares they have encumbered, such as those pledged with lenders. The specific details of the disclosure — including the number of shares, the promoter involved, and whether the encumbrance was created, released, or invoked — are not provided in this filing. Investors would need to refer to the actual disclosure document on the exchange website for full details.
Encumbrance disclosures under Reg 31(4) can affect shareholder confidence depending on whether promoter shares are being pledged, released, or invoked. Since specific numbers are not available in this announcement, investors should review the detailed disclosure to understand any change in pledged shares by the promoters.