Promoter Sunil Makwana, on behalf of the promoters of Vera Synthetic , has confirmed that the group holds no encumbered shares as of March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, states that zero shares of the company are pledged or encumbered by the promoters or persons acting in concert. This confirmation provides clarity on the holding structure of the company's promoters for the financial year 2025-26.

Disclosure Details

The filing was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Makwana explicitly declared that along with persons acting in concert, no encumbrance of shares was made directly or indirectly during the financial year 2025-26. The confirmation covers the status of shares held by the promoter group as of the specified date.

Shareholding Status

The following table summarizes the encumbrance status disclosed by the promoter:

The confirmation was signed by Sunil Makwana in his capacity as Promoter on behalf of the promoter and promoters group. A copy of the disclosure was also marked to the Audit Committee of Vera Synthetic Limited.

Vera Synthetic has triggered the compliance threshold for related party transactions under Regulation 15(2)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, effective from March 27, 2025. This development necessitates the company to adhere to stricter disclosure norms for related party transactions starting from the financial year ended March 31, 2026.

The threshold was triggered as the company's net worth exceeded ₹25 crore as on March 31, 2026. According to a certificate from Raj Shah & Co, Chartered Accountants, the company reported a net worth of ₹26,48,11,783 and a paid-up equity share capital of ₹4,93,50,000 on the said date. The regulations apply to listed entities on the SME Exchange that surpass either the paid-up equity share capital limit of ₹10 crore or the net worth limit of ₹25 crore.

Compliance Applicability

The provisions of Regulation 23 will be applicable to Vera Synthetic for the financial year ended March 31, 2026, and the half year ended September 30, 2026. The company clarified in its disclosure to the National Stock Exchange of India that the limit was not triggered for the half year ended September 30, 2025, and hence the regulations were not applicable for that period.

The disclosure was submitted pursuant to Regulation 23(9), which requires listed entities to submit details of related party transactions every six months alongside the publication of standalone and consolidated financial results. The company confirmed that the disclosure is applicable from the financials of September 30, 2026.

Financial Metrics as on March 31, 2026