TGBHOTELSNSETGB Banquets And Hotels LimitedMediumNeutral
Announced Wed, 8 Apr · 21:26 IST

Narendra Gurmukhdas 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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TGBHOTELS · price

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Price reaction · full curve 14 horizons · vs prior close
+8.3%1-day move
₹8.75
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AI summary

Narendra Gurmukhdas Somani, the Chairman, Managing Director and promoter of TGB Banquets and Hotels, has filed a routine annual declaration under Regulation 31(4) of the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. The declaration, made on behalf of the entire promoter and promoter group (which includes 6 individuals and Bhagwati Caterers Private Limited), confirms that no shares of the company were directly or indirectly acquired or disposed of by them during financial year 2025-26, other than what may have already been disclosed. This is a standard yearly compliance filing required of promoters and does not indicate any new transaction.

Likely market impact

This is a routine regulatory compliance disclosure with no impact on shareholding structure or stock price. It simply confirms that promoter holdings remained unchanged during the year, providing minor reassurance of stability to investors.