CRP Risk Management Limited Files SEBI Compliance Declaration on Share Encumbrances for FY26

1 min read     Updated on 07 Apr 2026, 01:02 AM
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AI Summary

CRP Risk Management Limited filed mandatory SEBI compliance declarations with BSE Limited on April 06, 2026, confirming no new share encumbrances were created during FY26. Managing Director Raza Mohammad Sayyad and Promoter Hitesh Asrani submitted separate declarations under Regulation 31(4) of SEBI (SAST) Regulations, covering all promoters and persons acting in concert. The promoter group comprises Hitesh P Asrani and Parmanand H Asrani, with all filings demonstrating the company's adherence to transparency requirements.

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CRP Risk Management Limited has filed mandatory regulatory disclosures with BSE Limited, confirming compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the financial year ended March 31, 2026. The submissions, dated April 06, 2026, demonstrate the company's adherence to transparency requirements under Indian securities regulations.

Regulatory Compliance Declarations

The company submitted two separate declarations under Regulation 31(4) of SEBI (SAST) Regulations. Managing Director Raza Mohammad Sayyad (DIN: 02497549) confirmed that neither he nor persons acting in concert created any new encumbrances on company shares during FY26, beyond those previously disclosed. Similarly, Promoter Hitesh Asrani submitted a comprehensive declaration on behalf of the entire promoter group.

Declaration Details: Information
Regulation: SEBI (SAST) Regulations 31(4)
Financial Year: Ended March 31, 2026
Filing Date: April 06, 2026
Exchange: BSE Limited
Scrip Codes: 540903, 532164

Promoter Group Structure

The regulatory filing includes details of the company's promoter group composition. Hitesh Asrani submitted the declaration on behalf of all promoters and persons acting in concert, ensuring comprehensive coverage of the regulatory requirements.

Promoter Details: Category
Hitesh P Asrani: Promoter
Parmanand H Asrani: Promoter

Corporate Governance Framework

The declarations affirm that no direct or indirect encumbrances were created on shares held by the promoter group during FY26, maintaining the existing disclosure framework. The filings were copied to the company's Audit Committee, located at B-208,209 Classique Centre, Off Mahakali Caves, Andheri (East), Mumbai, Maharashtra, demonstrating proper internal governance protocols.

These regulatory submissions reflect CRP Risk Management Limited's commitment to maintaining transparency and compliance with SEBI's substantial acquisition and takeover regulations, providing stakeholders with clear visibility into promoter shareholding arrangements.

Will CRP Risk Management Limited consider any strategic partnerships or acquisitions that could alter its current promoter shareholding structure?

How might upcoming changes to SEBI regulations impact CRP's future compliance reporting requirements and costs?

What are the company's plans for capital raising or share buyback programs that could affect promoter shareholding percentages?

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CRP Risk Management Limited Files Revised GST Department Visit Disclosure with BSE

1 min read     Updated on 30 Mar 2026, 11:07 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

CRP Risk Management Limited submitted a revised disclosure to BSE on March 30, 2026, regarding a GST Department visit to its Mumbai office on January 10, 2025. The visit was related to investigations concerning other entities, with no involvement of the company. CRP Risk Management extended full cooperation and confirmed no impact on operations, financials, or compliance status.

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CRP Risk Management Limited has filed a revised disclosure with BSE regarding a visit by GST Department officials to its registered office premises. The company submitted the updated intimation on March 30, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Department Visit Details

The GST Department officials from Bengaluru visited the company's registered office in Mumbai on January 10, 2025. The visit was conducted in connection with an investigation pertaining to certain other entities and was not related to CRP Risk Management Limited's operations.

Parameter: Details
Visit Date: January 10, 2025
Authority: GST Department, Bengaluru
Location: Company's registered office, Mumbai
Purpose: Investigation related to other entities
Company Involvement: No direct involvement

Company Response and Impact

CRP Risk Management Limited extended full cooperation to the GST Department officials during their proceedings at the registered office premises. The company has confirmed that no documents or assets were seized during the visit, and no notice or further communication has been received from the GST Department since the visit.

The company has explicitly stated that there is no impact on its operations, financials, or compliance status arising from the GST Department visit. The matter has been concluded with no ongoing implications for the company's business activities.

Regulatory Compliance

The revised intimation was submitted following communication received from the stock exchange regarding the earlier disclosure dated February 23, 2025. The company has provided detailed information in accordance with Regulation 30(13) of the SEBI regulations, including a comprehensive annexure outlining all relevant particulars of the event.

The disclosure has been made in the interest of transparency and for the information of shareholders and the public at large. The company emphasized that the visit was purely investigative in nature concerning other entities and did not involve any matters related to CRP Risk Management Limited's business operations or compliance status.

Will CRP Risk Management Limited implement additional compliance monitoring systems to prevent future regulatory visits related to third-party investigations?

How might this GST Department investigation of other entities affect CRP Risk Management's business relationships or client confidence in the risk management sector?

Could this incident prompt CRP Risk Management to enhance its due diligence processes for business associates or partners to avoid similar situations?

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