S P Oswal 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.
Vardhman Holdings Limited has submitted a declaration by S.P. Oswal under SEBI Regulation 31(4), confirming that the promoters and persons acting in concert (PAC) did not create any encumbrance (pledge, lien, or mortgage) on their shares of the company during the financial year 2024-25. The filing lists 18 promoter/PAC entities, including Shri Paul Oswal, Shakun Oswal, Sachit Jain, various investment companies, and trusts. This is a routine year-end compliance disclosure required from promoters regarding any encumbrances on their shareholdings.
This is a routine compliance filing and is broadly positive — it signals that promoters have not pledged their shares as collateral during the year, suggesting no immediate financial stress or liquidity concerns at the promoter level.