KPIT Technologies Limited promoter Ajay Bhagwat has submitted a declaration to the stock exchanges confirming that no fresh encumbrance has been created on the company's equity shares during the financial year ended March 31, 2026. The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Bhagwat, along with persons acting in concert, stated that there has been no encumbrance on the equity shares of KPIT Technologies, directly or indirectly, other than those already disclosed during the fiscal year. The declaration covers the full financial year ended March 31, 2026, and applies to all promoter-held equity shares.
The filing was submitted to both the National Stock Exchange and BSE on June 15, 2026, and was addressed to the company's audit committee. The letter was originally dated April 6, 2026. Bhagwat is listed as a promoter of KPIT Technologies, whose equity shares are traded on the NSE and BSE.
This annual declaration is a mandatory compliance obligation under the SEBI Takeover Code. It confirms that promoters have not pledged or created any charge on their shareholding beyond what has been previously reported to the exchanges. The requirement covers both direct and indirect encumbrances on the promoter-held equity shares. Any prior encumbrances already on record have been disclosed during the financial year as per regulatory requirements.
Regulation 31(4) requires listed company promoters to file this declaration on an annual basis. The provision is designed to enhance transparency around promoter share pledges and to ensure that any changes in the encumbrance status of promoter holdings are promptly disclosed to shareholders. Encumbrances created during the year must be reported separately under other applicable provisions of the takeover regulations as and when they occur.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.