Raj Kumar Adlakha 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.
UTTAMSUGAR · price
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Awaiting price reaction for this filing.
Raj Kumar Adlakha, on behalf of the promoters and promoter group of Uttam Sugar Mills Limited, has submitted a declaration to the stock exchanges for the financial year ending March 31, 2025. The promoters have confirmed that they did not create any encumbrance — such as a pledge, lien, or charge — on any of the shares held by them, directly or indirectly, during the entire financial year. This is a routine annual compliance filing required under SEBI's takeover regulations, not a transaction announcement.
This is a neutral-to-mildly positive disclosure for shareholders, as it confirms that promoters have not pledged any of their shares during the year, signalling no immediate liquidity stress or risk of forced selling. No impact on stock price is expected from this routine filing.