Kaushik Damji Gada 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.
URAVIDEF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kaushik Damji Gada, Promoter of Uravi Defence and Technology Limited, has filed a declaration confirming that no new share encumbrances (pledges) were created during FY 2025-26 other than those already disclosed. The annexure lists 33 entities in the Promoter/PAC group holding a total of 6,178,160 shares, with 444,400 shares already encumbered. Notably, Priyanka Aggarwal has 444,400 of her 444,420 shares (approximately 99.95%) pledged. The filing is a negative disclosure confirming no additional pledge creation by the promoter group during the year.
The filing is neutral to slightly positive as it confirms promoters have not increased their pledged position beyond previously disclosed levels. However, the very high existing pledge ratio on one promoter entity (Priyanka Aggarwal) remains a concern and is already on record.