TGBHOTELSNSETGB Banquets And Hotels LimitedMediumNeutral
Announced Thu, 24 Apr · 19:15 IST

Narendra Gurmukhdas Somani For On behalf of all the Promoters &Promoter Group of the Company 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.

Ownership Changes View source PDF

TGBHOTELS · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Narendra Gurmukhdas Somani, acting on behalf of all Promoters and the Promoter Group of TGB Banquets And Hotels Limited, has submitted a copy of a disclosure to the stock exchange as required under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation specifically deals with the disclosure of encumbered (pledged) shares held by promoters. The announcement does not include specific figures regarding the number of shares pledged, released, or invoked, nor does it indicate any change in promoter holdings or encumbrance levels.

Likely market impact

This is a routine compliance filing related to promoter share encumbrance. Without specific numbers on pledged shares or any change in status, there is no immediate material impact on shareholders or the stock price, though investors may want to monitor for any future detailed disclosures.