Basilic Fly Studio promoter confirms no share encumbrance in FY26
Shyam Sundar S, a promoter of Basilic Fly Studio Limited, declared to the National Stock Exchange that he and Persons Acting in Concert have not encumbered any shares for the year ended March 31, 2026. The filing, made under SEBI Takeover Regulations, confirms the holdings are free of charges except for those previously disclosed.

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Shyam Sundar S, a member of the promoter group of Basilic Fly Studio Limited , has confirmed that neither he nor Persons Acting in Concert (PAC) have encumbered any shares of the company for the financial year ended March 31, 2026. This disclosure ensures that the promoter's shareholding remains free from charges or liens, barring those previously reported to the exchanges.
The declaration was submitted to the National Stock Exchange of India Ltd. in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations mandate that promoters disclose any encumbrance on their holdings to ensure transparency for shareholders.
In the communication dated April 1, 2026, Shyam Sundar S explicitly stated that there are no direct or indirect encumbrances on the shares of Basilic Fly Studio Limited. The confirmation covers the promoter and all PACs, providing a clear picture of the holding structure for FY26.
The declaration clarifies that the non-encumbrance status applies to all shares except those that have already been disclosed to the stock exchanges from time to time. This exception accounts for any prior filings that may have detailed specific charges or pledges on the promoter's holdings.
Key Disclosure Details
| Detail | Description |
|---|---|
| Regulation | SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 |
| Sections | Regulation 31(4) and 31(5) |
| Period | Year ended 31.03.2026 |
| Promoter | Shyam Sundar S |
| Status | No encumbrance of shares |
| Exception | As disclosed to stock exchanges previously |
Historical Stock Returns for Basilic Fly Studio
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.30% | +0.60% | -4.13% | -40.59% | -50.15% | -29.05% |
How will the clean holding status influence Basilic Fly Studio's ability to raise future capital or secure loans?
Does this declaration signal a potential increase in promoter stake or the absence of immediate divestment plans?
What impact will this transparency have on institutional investor confidence and stock liquidity?



























