Velji L. Shah 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.
TOKYOPLAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Velji L. Shah, along with persons acting in concert (PACs), has submitted a disclosure to NSE and BSE confirming that neither he nor any PACs created any encumbrance (pledge) over shares held by them during the financial year ended March 31, 2025. The disclosure covers 7 entities in the promoter group including Velji L. Shah himself, Tokyo Finance Ltd, Haresh V Shah, and others. This filing is a mandatory requirement under SEBI regulations for promoter groups of listed companies.
This is a positive development for shareholders as it indicates promoters have not pledged their shares, eliminating risks of forced selling or share dilution. It signals promoter confidence in the company without financial stress on their holdings.