Narendra Hete 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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Awaiting price reaction for this filing.
Narendra Hete, a promoter of UFO Moviez India Limited, has filed an annual disclosure with the stock exchanges for financial year 2024-25. Under Regulation 31(4) of SEBI's Takeover Regulations, he has declared that he has not created any encumbrance — directly or indirectly — on the shares of the company held by him during the year. The disclosure was submitted to BSE, NSE, and the company's Audit & Risk Management Committee on April 1, 2025. This is a routine annual compliance requirement for promoters of listed companies.
This is a neutral to mildly positive disclosure — the promoter's shares remain fully unpledged and free of any charge, which signals financial stability and no immediate pressure on shareholding. No material impact on stock price is expected from this routine filing.