Mr. Gaurav Bhatnagar. 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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Mr. Gaurav Bhatnagar, a promoter of TBO Tek Limited, has submitted an annual declaration to the exchange under Regulation 31(4) of the SEBI Takeover Regulations. In the declaration, he states that neither he nor any member of the promoter group or persons acting in concert have encumbered (pledged or otherwise used as collateral) any shares of the company during financial year 2024-25. This is a routine annual compliance filing required from promoters. The declaration effectively confirms zero pledge or encumbrance activity by the promoter group for the full year.
This is a neutral, routine compliance disclosure. It signals that the promoter group has not pledged or encumbered their holdings, which is generally seen as a positive sign of confidence and financial stability. No material impact on stock price is expected from this filing.