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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S.P. Oswal, a key promoter of Vardhman Textiles Limited, has submitted a disclosure under Regulation 31(4) of SEBI's Takeover Regulations. The filing confirms that the promoters and persons acting in concert (PAC) have not created any encumbrance, directly or indirectly, on their shareholding in the company during FY 2025-26. The disclosure is dated 03.04.2026 with a reference date of 31.03.2026. The filing includes an annexure listing 19 entities classified as promoters and PACs, including individuals like S.P. Oswal, Shakun Oswal, and Sachit Jain, along with several companies and trusts.
This is a positive confirmation for shareholders as it indicates promoters have not pledged their shares for debt purposes, reducing risk of forced selling. The absence of encumbrances suggests a healthy promoter balance sheet and lower risk of sudden share supply pressure.