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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Shekhar Rasiklal Somani, on behalf of himself and the promoter group (Kajalben Somani, Shitalbhai Somani, and Samir Somani), has submitted a declaration under Regulation 31(4) of SEBI's Takeover Regulations to both BSE and NSE. The declaration states that the promoters, along with persons acting in concert, have not created any encumbrance (pledge, charge, or lien) on the company's shares — directly or indirectly — during the financial year ended 31 March 2025. This is a routine annual compliance filing required from promoters, and the content is a 'negative' confirmation, meaning no new pledging or locking of shares took place in FY25.
This is a neutral, routine compliance disclosure. Shareholders can take comfort that promoters have not pledged or otherwise encumbered their shareholdings during the year, indicating no immediate funding stress or liquidity concerns from the promoter group. No direct impact on stock price is expected from this filing.