Vikas Parasrampururia, the promoter of Voler Car , has confirmed that neither he nor the promoter group created any encumbrances on shares directly or indirectly during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited, ensures compliance with disclosure norms regarding shareholding by promoters.

The confirmation was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011. Parasrampururia stated on behalf of himself and the Promoter Group, including Persons Acting in Concert (PAC), that no new encumbrances were established other than those already disclosed.

Regulatory Filing Details

The communication was addressed to the Manager of the Listing Department at the National Stock Exchange. The document was digitally signed by Vikas Parasrampururia on April 7, 2026. A copy of the declaration was also marked to the Audit Committee of Voler Car Limited.

The disclosure provides transparency regarding the financial commitments attached to the promoter's shareholding, ensuring that the exchange and investors are informed of any potential liens or charges on the shares. The confirmation covers the entire financial year ended March 31, 2026.

Voler Car Limited has been declared the highest bidder for the proposed acquisition of Blue Smart Mobility Limited following the conclusion of an auction process under the Corporate Insolvency Resolution Process (CIRP) on June 10, 2026. The development marks a strategic step by Voler Car to expand its footprint in the electric mobility ecosystem and create business synergies. The transaction, however, remains subject to the execution of definitive documentation and the receipt of requisite approvals.

The declaration as the highest bidder (H1) was made by the Resolution Professional of Blue Smart Mobility Limited. The acquisition is being pursued under the provisions of the Insolvency and Bankruptcy Code, 2016. While the auction process has closed, the completion of the transaction is contingent upon several conditions, including the submission and evaluation of the Resolution Plan by the Committee of Creditors (CoC) and subsequent approval by the Hon’ble National Company Law Tribunal (NCLT).

Blue Smart Mobility Limited operates in the electric mobility and transportation services sector and is currently undergoing CIRP. The target entity is not a related party transaction for Voler Car Limited. The company has stated that the proposed acquisition is intended to bolster its presence in the electric mobility sector.

The following table outlines the key details of the proposed transaction:

Vikas Parasrampuria, Whole-Time Director of Voler Car Limited, signed the disclosure submitted to the stock exchanges. The company confirmed that it will inform the exchanges of any further material developments in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.