New Eros Tradecom 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.
TEXINFRA · price
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Awaiting price reaction for this filing.
New Eros Tradecom Limited, part of the Adventz promoter group of Texmaco Infrastructure & Holdings, has filed its annual declaration under SEBI's Takeover Regulations for FY ending March 2025. The declaration confirms that neither New Eros Tradecom nor persons acting in concert with it created any new encumbrance (such as pledge or lien) on the company's shares during the year, other than what was already disclosed earlier. The letter is signed by Director Bihari Lal Kanoongo and addressed to the company's Audit Committee and the stock exchanges.
This is a routine compliance filing with no material change. It signals that the promoter group's pledged holdings have not increased during the year, which is mildly reassuring for shareholders concerned about margin or pledge risks. Expect no direct impact on the stock price.