Vineet Shah 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.
Awaiting price reaction for this filing.
Vineet Shah, on behalf of promoter Shivasons Solutions India Private Limited, has submitted a compliance disclosure to the exchanges confirming that no encumbrance (pledge, lien, or charge) was created on the promoter's shares during the financial year ended March 31, 2025. The promoter entity continues to hold 26,42,000 equity shares, representing a dominant 94.57% stake in the company. This is a routine annual regulatory filing required under SEBI's takeover regulations for promoters holding more than 25% of a company's shares.
This is a neutral, routine compliance filing. There is no change in promoter shareholding or any new encumbrance, so it has no direct impact on the stock price. It provides reassurance that the promoter's 94.57% stake remains unencumbered and free of pledges.