Nirmal Mangalchand Mittal 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.
UNITEDPOLY · price
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Awaiting price reaction for this filing.
Nirmal Mangalchand Mittal, a promoter of United Polyfab Gujarat Limited, has submitted an annual disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. In the letter, the promoter declares that he and other persons acting in concert have not created any new encumbrance (such as pledge or lien) on the company's shares during financial year 2024-25, other than what was already disclosed earlier. This is a routine yearly compliance filing required of promoters, and the PAN mentioned is ABFPM8543C.
This is a routine regulatory compliance submission with no material impact on shareholders. It essentially confirms that promoters have not pledged any additional shares of the company during the year, which is a neutral-to-slightly-positive signal as it indicates no new fundraising pressure on promoter holdings.