Pasari Spinning Mills Limited has submitted a regulatory disclosure to the Bombay Stock Exchange confirming that its promoter group did not encumber any shares during the financial year ended 31st March, 2026. The disclosure was filed on 6th April, 2026, in compliance with SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Regulatory Compliance Details

The disclosure was filed under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Managing Director Krishna Kumar Gupta submitted the declaration on behalf of the promoter and promoter group, addressing both the Bombay Stock Exchange and the company's Audit Committee.

Promoter Declaration

Krishna Kumar Gupta, in his capacity as Promoter and Managing Director, formally declared that the promoter and promoter group did not make any encumbrance of shares, whether directly or indirectly, during the specified financial year. The declaration was digitally signed and submitted to ensure proper documentation and compliance.

Company Information

Pasari Spinning Mills Limited operates from its registered office located at No 18 III Floor, Anjaneya Temple Road, Yediur, Jayanagar 6th Block, Bangalore – 560082. The company maintains its corporate identity with CIN L85110KA1991PLC012537 and can be reached through its website and official communication channels.

This disclosure represents standard regulatory compliance for listed companies, ensuring transparency in promoter shareholding activities and maintaining investor confidence through proper documentation of share encumbrance status.

Pasari Spinning Mills Limited has issued a formal response to the Bombay Stock Exchange regarding significant price movement in its shares observed on March 21, 2026. The company's clarification, dated March 24, 2026, addresses the exchange's surveillance inquiry under Regulation 30 requirements.

Company's Official Response

In its communication to the BSE Department of Surveillance, Pasari Spinning Mills stated that it is not aware of any information or events, including impending announcements, that could have influenced the price or volume behavior of its shares. The company emphasized its commitment to regulatory compliance and transparency in market communications.

Regulatory Compliance Confirmation

Managing Director Krishna Kumar Gupta confirmed that all material information and events required to be disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 have been duly disclosed to the stock exchange. This statement reinforces the company's adherence to mandatory disclosure norms.

Market Movement Attribution

The company attributed the share price movement to market-driven factors rather than any company-specific developments. Additionally, Pasari Spinning Mills acknowledged that broader macroeconomic and geopolitical developments, including ongoing global conflicts, may have an indirect impact on market sentiment and consequently influence share price movements.

Company Leadership

The response was signed by Krishna Kumar Gupta, Managing Director with DIN 00003880. The company operates under CIN L85110KA1991PLC012537 and maintains its corporate presence in Bangalore with operations accessible through its website and official communication channels.