Logiciel Solutions Limited Files SEBI Declaration for No Share Encumbrance in FY26
Logiciel Solutions Limited filed its mandatory SEBI declaration for FY26, confirming no encumbrance on promoter shares. The declaration, submitted by promoter and MD Umesh Sharma, covers 18 entities in the promoter group. Key promoters Umesh Sharma and Ajay Sharma each hold 29.50% stake, while the total promoter holding stands at 59.00%. The filing ensures compliance with SEBI takeover regulations and maintains transparency in shareholding patterns.
*this image is generated using AI for illustrative purposes only.
Logiciel solutions Limited has filed its annual compliance declaration with BSE, confirming adherence to SEBI takeover regulations for the financial year ended 31st March, 2026. The declaration, submitted on 2nd April, 2026, addresses the mandatory requirements under Regulation 31(4) & (5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SEBI Compliance Declaration
The company's promoter, Umesh Sharma, who also serves as Managing Director, submitted the declaration on behalf of all promoters and promoter group members. The declaration specifically states that no encumbrance has been made, directly or indirectly, on equity shares held by promoters and persons acting in concert during FY26.
Company Secretary and Compliance Officer Geetanjali Nerchehal coordinated the submission to BSE's Department of Corporate Services (SME). The filing ensures compliance with SEBI's substantial acquisition and takeover regulations that govern listed companies.
Promoter Holdings Structure
The declaration covers 18 entities within the promoter and promoter group framework. The current shareholding pattern reveals concentrated ownership among key promoters:
| Entity | Category | Shares Held | Stake (%) |
|---|---|---|---|
| Umesh Sharma | Promoter | 2202900 | 29.50% |
| Ajay Sharma | Promoter | 2203400 | 29.50% |
| Mohit Surana | Promoter Group | 1800 | 0.02% |
| Other Entities | Promoter Group | 0 | Nil |
Key Stakeholders
The promoter group encompasses various family members and related entities, including:
- Direct Promoters: Umesh Sharma, Ajay Sharma, Lateesh Sharma, and Prem Lal Sharma
- Promoter Group Members: Spouses, children, and extended family members
- Corporate Entities: Cyberstar Educational Society, Prem Lal Sharma (HUF), and Logiciel Solutions Inc.
The majority of promoter group entities currently hold no shares in the company, with only Umesh Sharma, Ajay Sharma, and Mohit Surana maintaining active shareholdings.
Regulatory Compliance
This annual declaration represents standard regulatory compliance for listed companies under SEBI guidelines. The filing confirms transparency in promoter shareholding and ensures no undisclosed encumbrances exist on promoter shares. Such declarations help maintain market integrity and provide clarity to investors regarding promoter commitments.
The company maintains its registered office at H.No. 9-A, Main Road, Sunder Nagar, Ludhiana, Punjab, and continues its operations in the technology solutions sector.
Historical Stock Returns for Logiciel Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.44% | +17.12% | +23.42% | -71.37% | -71.37% | -71.37% |
Will Logiciel Solutions consider diversifying its promoter base or bringing in strategic investors to reduce the current 59% concentrated ownership?
How might the company's technology solutions business perform in the upcoming quarters given the current market dynamics in the IT sector?
Could the clean compliance record and unencumbered promoter shares make Logiciel Solutions an attractive acquisition target for larger tech companies?
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