Crystal Business System Limited Promoters Confirm Zero Share Encumbrances for FY26
Crystal Business System Limited and its entire promoter group filed mandatory SEBI disclosures confirming zero share encumbrances during FY26. The comprehensive filings included statements from Managing Director Bal Mukund Tiwari, three promoter entities (Varun Media, Softline Media Network, and Sadhna Media), and five individual promoters, all confirming no pledged or encumbered shares as of March 31, 2026, demonstrating regulatory compliance and transparent shareholding practices.

*this image is generated using AI for illustrative purposes only.
Crystal Business System Limited has filed comprehensive regulatory disclosures with stock exchanges, confirming that its promoters maintained zero share encumbrances throughout the financial year ended March 31, 2026. The company, formerly known as Sadhna Broadcast Limited, submitted multiple disclosure statements under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Company Declaration
Managing Director Bal Mukund Tiwari, on behalf of Crystal Business System Limited, submitted the primary disclosure statement dated April 7, 2026, to both BSE Limited and Metropolitan Stock Exchange Limited. The company confirmed that promoters have not made any encumbrance of shares, either directly or indirectly, beyond those already disclosed to stock exchanges during FY26.
| Filing Details: | Information |
|---|---|
| Filing Date: | April 7, 2026 |
| Regulation: | SEBI Regulation 31(4) |
| Encumbered Shares: | Nil |
| Reporting Period: | FY ended March 31, 2026 |
Promoter Entity Disclosures
Multiple promoter entities filed individual disclosure statements on April 3, 2026, each confirming zero share pledging or encumbrance activities. The key promoter companies include:
Varun Media Private Limited (PAN: AAACV7714K), registered in Noida, Uttar Pradesh, declared no encumbrance of Crystal Business System Limited shares during FY26. The entity confirmed that as of March 31, 2026, the number of encumbered or pledged shares stood at nil.
Softline Media Network Private Limited (PAN: AALCS7953G), based in New Delhi, submitted similar declarations confirming no share encumbrances either independently or in concert with other persons during the financial year.
Sadhna Media Private Limited (PAN: AAHCS4532K), registered in Laxmi Nagar, New Delhi, also filed confirmatory statements declaring zero encumbered shares as of March 31, 2026.
Individual Promoter Confirmations
Several individual promoters submitted personal disclosure statements, each confirming compliance with SEBI regulations:
| Promoter Name: | PAN Number | Declaration Status |
|---|---|---|
| Tajinder Kaur: | AWJPK7114J | Zero encumbrances |
| Pooja Aggarwal: | AGMPA6216C | Zero encumbrances |
| Shreya Gupta: | AIMPJ4419J | Zero encumbrances |
| Gaurav Gupta: | AKHPG5185D | Zero encumbrances |
| Saurabh Gupta: | BFEPG0692E | Zero encumbrances |
Each individual promoter declared that they had not made any encumbrance of shares either personally or in concert with other persons during the financial year ended March 31, 2026.
Regulatory Compliance Framework
The disclosures were made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrance of shares to ensure transparency in shareholding patterns and protect investor interests.
All disclosure statements were simultaneously filed with BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, and Metropolitan Stock Exchange Limited at Piramal Agastya Corporate Park, Kurla West, Mumbai. Copies were also provided to the company's Audit Committee at the registered office in New Delhi.
Corporate Information
Crystal Business System Limited operates from its registered office at 37, Second Floor, Rani Jhansi Road, Motia Khan, Paharganj, New Delhi-110055. The company maintains its corporate identity under CIN: L92100DL1994PLC059093 and continues operations under its current name after the transition from Sadhna Broadcast Limited.
Historical Stock Returns for Crystal Business System
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.31% | +10.00% | +8.09% | -15.00% | -32.00% | +59.83% |
What strategic initiatives might Crystal Business System Limited pursue now that promoters have maintained zero share encumbrances, potentially indicating strong financial health?
How could the company's clean promoter shareholding structure impact its ability to secure debt financing or attract institutional investors in the coming quarters?
Will Crystal Business System Limited consider any major acquisitions or expansion plans given the absence of promoter share pledging constraints?




























