net avenue technologies disclosed that its promoter group has not encumbered any shares directly or indirectly for the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India, confirms compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure ensures transparency regarding the holding status of the company's promoters during FY26.

The declaration was made by Rajesh Nahar, Chairman cum Managing Director, on behalf of the promoter and promoter group. In a formal communication addressed to the Audit Committee and the exchange, Nahar confirmed that no shares were pledged or encumbered throughout the specified period. The filing serves as an annual disclosure mandated by the regulatory framework to monitor the shareholding patterns of key stakeholders.

Regulatory Compliance

The submission adheres to the requirements of the SEBI (SAST) Regulations, 2011. These regulations are designed to ensure that any substantial acquisition of shares or changes in shareholding are promptly disclosed to the market and the exchanges. The specific regulation cited, 31(4), pertains to the annual declaration of non-encumbrance of shares by the promoter group.

Key Details of the Disclosure

Net Avenue Technologies has been directed by the Principal Commercial Court, Egmore, Chennai, to pay Rs 13.92 lakh to Fasttrack Logistics. The order, issued in C.O.S. No. 1167 of 2022, mandates the payment of Rs 13,92,749 along with interest at 18% per annum on Rs 9,16,160 from April 2018. The company is also required to bear the cost of the suit.

The disclosure was made to the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing was submitted by Rajesh Nahar, Managing Director of Net Avenue Technologies.

Financial Implications

The court order specifies the financial liabilities to be settled by the company. The breakdown of the payment is as follows: