Shekhar Rasiklal Somani 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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Promoter Shekhar Rasiklal Somani has submitted a declaration to BSE and NSE confirming that neither he nor any persons acting in concert (PAC) have created any encumbrance (pledge) on the company's shares during the Financial Year ended 31 March 2026. The declaration covers 13 entities in the promoter group including family members and related companies. This is a mandatory regulatory filing under SEBI's takeover regulations to disclose share pledging activities by promoters.
A positive disclosure for shareholders as it confirms promoters have not pledged their shares, reducing risk of potential forced selling pressure. This indicates promoter confidence in the company's prospects.