Everest Industries promoter confirms no encumbrance on shares - scanx.trade
π Falak Investment Pvt Ltd holds a majority stake of 50.22% in Everest Industries Ltd as of March 31, 2026.
π The promoter confirmed zero encumbrances or liens on the 79,63,544 shares held during FY26.
π Disclosure was filed with NSE India on April 06, 2026, complying with SEBI Regulation 31(4).
βοΈ Bharat Khator, Director of Falak Investment, signed the confirmation of unencumbered status.
π‘ The filing clarifies that promoter shares are free from charges and fully liquid.
Bullish Signals
- The promoter holds a commanding majority stake of over 50%, indicating strong alignment with shareholder interests.
- Confirmation of no encumbrances removes potential risks associated with pledged or restricted shares, enhancing liquidity confidence.
- Compliance with SEBI regulations demonstrates the company's adherence to corporate governance standards and transparency.
Full Analysis
Everest Industries Ltd has received confirmation from its promoter, Falak Investment Pvt Ltd, regarding the status of its shareholding. As of March 31, 2026, Falak Investment holds a significant stake representing 50.22% of the company's total equity share capital, equivalent to 79,63,544 shares with a face value of Rs. 10/- each.
In a formal disclosure submitted to the National Stock Exchange of India Limited on April 06, 2026, the promoter confirmed that no encumbrances, charges, or liens were created on these shares during the financial year 2025-26. This filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The declaration, signed by Director Bharat Khator, provides clarity to shareholders that the promoter's holding is free from any legal restrictions or financial encumbrances. This status reinforces the stability of the company's ownership structure and ensures the shares remain fully tradable without restriction.