SP Oswal Trust has submitted a letter to Exchange on amendment to trust deed under Regulation 11(5) of The Securities and Exchange Board of India (Substantial Acquisition of Shares and ....
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SP Oswal Trust and Mrs Shakun Oswal Trust have submitted compliance certificates to the stock exchange. These trusts had acquired shares of Devakar Investment and Trading Co. Pvt Ltd on June 29, 2023 (SP Oswal Trust acquired 598,000 shares and Mrs Shakun Oswal Trust acquired 272,653 shares). An independent auditor has certified that both trusts complied with SEBI's exemption order dated August 27, 2021 during the period ending March 31, 2026. The auditor confirmed that the trusts are essentially 'mirror images' of promoter holdings with no change in ownership or control of Vardhman Special Steels or related companies. All trustees and beneficiaries are promoters or their immediate relatives, and no beneficial interest has been transferred or encumbered.
This is a routine regulatory compliance filing confirming promoter trust structures remain within SEBI exemption conditions. No change in ownership or control means no immediate impact on shareholders or stock price.