Pramara Promotions Limited disclosed on April 04, 2026, that its promoter group did not create any new encumbrances on shares held in the company during the financial year ended March 31, 2026. The declarations, submitted to the National Stock Exchange of India Limited, confirm compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing ensures transparency regarding the pledging or hypothecation of promoter shares, a key metric for assessing corporate governance and financial stability.

Rohit Nandkishore Lamba, a promoter of pramara promotions , declared on behalf of the promoter group and persons acting in concert that no fresh encumbrances were made during FY26. The confirmation covers shares held directly or indirectly, barring those previously disclosed to the exchange. This declaration is significant as it indicates that the promoters have not utilized their shareholding as collateral for new borrowings during the period, signaling stable ownership structures.

Sanket Lamba, a member of the promoter group, provided a specific confirmation regarding the status of his holdings. He stated that as of March 31, 2026, none of the shares held by him in Pramara Promotions Limited were encumbered or pledged. This explicit confirmation provides assurance to investors regarding the absence of leverage against the promoter's equity stake in the company.

Other members of the promoter group, including Veena Lalchand Multani, Sheetal Rohit Lamba, and Sapna Sanjiv Makhija, also submitted similar declarations. Each individual confirmed that they had not created any new encumbrances on their shareholdings during FY26. The letters were addressed to the National Stock Exchange and copied to the Audit Committee and Company Secretary of Pramara Promotions Limited for record-keeping purposes.

Promoter Disclosures for FY26

The following table summarizes the declarations submitted by the promoter group members regarding their shareholdings in Pramara Promotions Limited for the financial year ended March 31, 2026.

Pramara Promotions Limited has withdrawn its proposed preferential issue of up to 13,68,000 equity shares and 34,92,000 convertible warrants due to prevailing market conditions. The Board of Directors decided to cancel the allotment citing volatility and a change in the market price of the equity shares. The company stated that this decision safeguards shareholder interests and maintains financial stability without impacting business operations or growth prospects.

The Board had initially approved the proposal for the preferential issue on April 21, 2026. Subsequently, the company submitted an application for in-principle approval to the National Stock Exchange of India Limited on April 29, 2026. Shareholders had approved the proposal at an Extraordinary General Meeting held on May 21, 2026.

The withdrawal follows a review of market conditions, which the company deemed unfavorable for proceeding with the capital raise. The preferential issue was intended to be issued to certain identified persons or entities on a preferential basis, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Timeline of Events

Pramara Promotions Limited confirmed that the proposed issue stands withdrawn and the company will not proceed further with the allotment. Management remains committed to exploring alternative avenues for capital raising when market conditions improve.