Promoter declares no encumbrance on Prudent shares in FY26

1 min read     Updated on 06 Jun 2026, 01:10 PM
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Sanjay Shah, promoter of Prudent Corporate Advisory Services, confirmed that he and the promoter group did not encumber any shares during FY26. The filing was made to NSE and BSE under Regulation 31(4) of SEBI Takeover Regulations.

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Sanjay Shah, promoter of Prudent Corporate Advisory Services , has declared that neither he nor members of the promoter group and Persons Acting in Concert (PAC) have created any encumbrance on the company's shares during FY26. The disclosure, submitted to the National Stock Exchange of India and BSE Limited, confirms that no shares were pledged directly or indirectly throughout the financial year.

The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or the promoter group to ensure transparency for shareholders.

Key Details of the Disclosure

Aspect Details
Promoter Sanjay Rameshchandra Shah
Company Prudent Corporate Advisory Services Limited
Financial Year 2025 - 2026
Regulation Regulation 31(4) of SEBI Takeover Regulations, 2011
Encumbrance Status No encumbrance made directly or indirectly

The confirmation of zero encumbrance provides clarity regarding the holding structure of the promoter group during the specified period. The document was addressed to the Audit Committee of the company and the stock exchanges on April 06, 2026.

Historical Stock Returns for Prudent Corporate Advisory Services

1 Day5 Days1 Month6 Months1 Year5 Years
-3.08%-3.91%-9.88%+2.01%-9.54%+365.30%

How will the zero-encumbrance status impact investor confidence and the stock's liquidity in the upcoming quarters?

Does this clean holding structure suggest that Prudent Corporate Advisory Services is considering strategic acquisitions or expansion in FY27?

How does the company's current leverage-free promoter standing compare to its peers in the financial advisory sector?

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Prudent Corporate Advisory promoter declares no share encumbrance in FY26

1 min read     Updated on 28 May 2026, 04:34 AM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

Sanjay Shah, promoter of Prudent Corporate Advisory Services, confirmed in a declaration dated April 6, 2026, that no encumbrance was placed on shares held by him or the promoter group during FY26. The filing was made to NSE and BSE under Regulation 31(4) of SEBI Takeover Regulations.

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*this image is generated using AI for illustrative purposes only.

Sanjay Shah, promoter of Prudent Corporate Advisory Services , has declared that no encumbrance was created on the shares held by him, the promoter group, or Persons Acting in Concert (PAC) during the Financial Year 2025-2026. The disclosure, submitted to the stock exchanges on April 6, 2026, confirms compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration explicitly states that no direct or indirect encumbrance was made over the shares of the company held by the promoter group during the specified financial year. This regulatory filing serves as a formal confirmation to the exchanges and the company's Audit Committee regarding the status of the shareholding.

Regulatory Filing Details

The communication was addressed to the National Stock Exchange of India Ltd and BSE Limited, as well as the Audit Committee of Prudent Corporate Advisory Services. The document was signed by Sanjay Shah on behalf of himself and the members of the Promoter Group and PAC.

Entity Symbol/Code Address
National Stock Exchange of India Ltd PRUDENT Exchange Plaza, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051
BSE Limited 543527 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001

Historical Stock Returns for Prudent Corporate Advisory Services

1 Day5 Days1 Month6 Months1 Year5 Years
-3.08%-3.91%-9.88%+2.01%-9.54%+365.30%

How will this clean declaration of unencumbered shares impact investor confidence in Prudent Corporate Advisory Services?

Could the promoter group's unencumbered status signal potential plans for future equity dilution or fundraising?

What are the implications of this compliance for the company's governance ratings and institutional investment appeal?

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1 Year Returns:-9.54%