Poshika Advisory Services LLP 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.
UGROCAP · price
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Awaiting price reaction for this filing.
Poshika Advisory Services LLP, one of the promoters of Ugro Capital Limited, has submitted a declaration to NSE and BSE under SEBI's Takeover Regulations. The declaration confirms that the promoter, along with Mr. Shachindra Nath (acting in concert), did not create any encumbrance — such as pledging or hypothecation — on their equity shares in the company during the financial year 2024-25. This is a routine annual compliance filing required from promoters of listed companies. The filing is signed by Mr. Shachindra Nath as Designated Partner and Authorised Signatory of the LLP.
This is a neutral, routine regulatory disclosure. No encumbrance on promoter shares is a mildly positive signal, suggesting promoters have not pledged their holdings as collateral, which reduces risk of forced selling. However, this is a standard annual filing and is unlikely to move the stock price.