Udai Kothari 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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Udai Kothari, on behalf of himself and the promoter/promoter group of U. Y. Fincorp Limited, has submitted an annual disclosure to the stock exchanges under Regulation 31(4) of SEBI's Takeover Regulations. The disclosure confirms that the promoter group has not created any encumbrance (pledge, lien, or charge) on their equity shares in the company during the financial year 2024-25. The filing has been made in compliance with Regulation 31(5) and is to be placed before the upcoming Audit Committee meeting. No transaction details or share quantities are disclosed since no encumbrance activity took place.
This is a routine annual compliance filing and is neutral for shareholders. It confirms the promoter group has not pledged or otherwise encumbered their shares during the year, which means no immediate risk of forced selling or margin call concerns arising from promoter holdings.