The Hi-Tech Gears 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.
HITECHGEAR · price
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Mr. Pranav Kapuria, along with 28 members of the Promoter and Promoter Group, submitted an annual declaration under SEBI Regulation 31(4) for the financial year ended March 31, 2026. The declaration confirms that no new encumbrances (pledges) on shares of The Hi-Tech Gears Limited were created during the year, either directly or indirectly. Additionally, promoters Deep Kapuria and Mrs. Veena Kapuria transferred their 100% equity stake in Dev Darshan Construction Pvt. Ltd. to Digvijay Kapuria and Mrs. Pratibha Kapuria, and resigned from its directorship effective March 27, 2025. This appears to be a routine compliance filing confirming the status of promoter share pledges.
This is a routine compliance filing with no immediate negative implications for shareholders. The confirmation that no new share pledges were created during FY2026 is a positive signal indicating promoter commitment and reduced risk of forced selling. The de-linking of Dev Darshan Construction from the promoter group has no direct impact on company shares.