NewsRatnakar Securities Limited Files Annual Disclosure Under SEBI Takeover Regulations for FY26Ratnakar Securities Limited Files Annual Disclosure Under SEBI Takeover Regulations for FY26
Ratnakar Securities Limited has filed its annual disclosure under SEBI takeover regulations for FY26, confirming no encumbrance on promoter shares during the year. The company's trading remains suspended since January 2020 due to regulatory non-compliance, though revocation efforts are underway. The disclosure was submitted on April 07, 2026, with promoter group confirming zero pledged shares as of March 31, 2026.
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Ratnakar Securities Limited (formerly Mangalya Soft-Tech Limited) has filed its mandatory annual disclosure with BSE Limited under SEBI's substantial acquisition and takeover regulations for the financial year ended March 31, 2026.
Regulatory Compliance Disclosure
The company submitted disclosures pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made on April 07, 2026, by Whole-time Director Kushal Ajay Shah.
| Parameter: | Details |
|---|---|
| Company Name: | Ratnakar Securities Limited |
| Former Name: | Mangalya Soft-Tech Limited |
| CIN: | L66120GJ1992PLC017564 |
| Scrip Code: | 530243 |
| Filing Date: | April 07, 2026 |
| Financial Year: | Ended March 31, 2026 |
Promoter Group Confirmation
Ajay Jayantilal Shah, representing all promoters and promoter group members, confirmed that no encumbrance was made on shares held by the promoter group during the financial year ended March 31, 2026. The disclosure specifically states that as of March 31, 2026, NIL number of shares of the company are encumbered or pledged by promoters.
Trading Suspension Status
The company disclosed that trading in its securities has been suspended since January 09, 2020. The suspension was imposed due to non-compliance with Regulation 31 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for two consecutive quarters - June 2019 and September 2019.
Ratnakar Securities Limited indicated it is currently working toward the revocation of the trading suspension. The company maintains its registered office at Shop-304, "Sankalp Square-2", Nr. Delux Appartment, Nr. Kalgi Char Rasta, Jalaram Temple, Paldi, Ahmedabad-380006.
Corporate Structure
The disclosure was signed by Kushal Ajay Shah (DIN: 01843141) as Whole-time Director, while Ajay Jayantilal Shah provided the promoter group confirmation. The filing was addressed to the Listing Operations Department of BSE Limited and copied to the company's Audit Committee.
What specific steps is Ratnakar Securities taking to achieve compliance and when might trading suspension be lifted?
How has the 6-year trading suspension impacted the company's business operations and financial performance?
What are the potential implications for existing shareholders once trading resumes after such an extended suspension?
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