Uday Gaikwad 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.
Uday Gaikwad, a member of the promoter group of UFO Moviez India Limited, has submitted an annual disclosure to the stock exchanges for FY 2024-25. Under SEBI's Takeover Regulations, promoter group members must declare whether they created any encumbrance (such as a pledge or lien) on company shares during the year. In this filing, Uday Gaikwad has confirmed that he has not created any encumbrance, directly or indirectly, on his shares of UFO Moviez during FY 2024-25. This is a routine annual compliance submission required of all promoter group members, with no transaction or change in shareholding reported.
This is a routine regulatory disclosure with no material impact on the stock price or shareholders. It simply confirms that no new pledges or encumbrances were created on the disclosed promoter group member's shares during the year.