Zuari Industries Limited has confirmed that it holds no encumbrance on the shares of paradeep phosphates for the financial year ended 31 March 2026. The disclosure, submitted to the stock exchanges, assures investors that the promoter group has not pledged any shares directly or indirectly during this period, other than those previously disclosed. This compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides clarity regarding the holding structure of the company.

The declaration covers Zuari Industries Limited and all persons acting in concert (PACs) with it. By confirming the absence of new encumbrances, the entity addresses potential market concerns regarding the financial leverage or liquidity stress associated with share pledging. The filing serves as a formal record for the Audit Committee of Paradeep Phosphates Limited and the regulatory authorities.

Regulatory Compliance Details

The submission was made to BSE Limited and the National Stock Exchange of India Limited. The document was digitally signed by Yadvinder Goyal, Company Secretary of Zuari Industries Limited, on 06 April 2026. The disclosure is mandatory under the SEBI (SAST) Regulations, which require promoters to report any creation or release of encumbrances on shares of listed entities.

The confirmation explicitly states that no new encumbrances have been made beyond those already disclosed to the exchanges. This transparency is critical for maintaining shareholder confidence in the stability of the company's ownership.

Akshay Poddar has declared that he, along with persons acting in concert, did not create any encumbrance on the shares of Paradeep Phosphates Limited during the financial year ended March 31, 2026. This disclosure confirms that no additional charges or liens were placed on the holdings beyond those already reported to the stock exchanges and the company.

The declaration was submitted to the Audit Committee of Paradeep Phosphates Limited, the National Stock Exchange of India Limited, and BSE Limited in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates that acquirers disclose any encumbrance on shares of the target company.

Devendra Khemka, Authorised Signatory, signed the declaration on behalf of Akshay Poddar. The letter, dated April 6, 2026, specifies that the declaration covers the financial year ended March 31, 2026, and is intended for the information and records of the concerned parties.