Vedant Fashions Limited has submitted an annual disclosure to the stock exchanges confirming that its promoters and promoter group members did not encumber any shares held by them during the financial year ended March 31, 2026. The disclosure was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which requires promoters of listed companies to annually report any encumbrance on their shareholdings to the exchanges where Vedant Fashions is listed.
The filing submitted by Vedant Fashions covers the promoter category, including Ravi Modi and Shilpi Modi, and the promoter group, including Ravi Modi HUF, Usha Devi Modi, and Ravi Modi Family Trust. Ravi Modi, promoter of Vedant Fashions Limited, submitted the declaration on behalf of all members of the promoter and promoter group and persons acting in concert. The declaration affirmed that no shares were directly or indirectly encumbered by the promoters during the financial year ended March 31, 2026.
Encumbrance under the SEBI Takeover Regulations includes pledges, liens, or any other form of charge created on shares held by the promoter group. The absence of any encumbrance on promoter shareholdings is part of the compliance framework designed to ensure transparency in shareholding patterns of listed companies.
Vedant Fashions Limited owns the MANYAVAR brand and operates in the wedding and celebration wear segment. Equity shares of Vedant Fashions are listed on the NSE under the symbol MANYAVAR and on the BSE under scrip code 543463. The registered office of Vedant Fashions is located at Paridhan Garment Park in Kolkata. The disclosure was dated April 7, 2026, and was received by the exchanges on June 5, 2026. The annual compliance filing was signed by Navin Pareek, Company Secretary and Compliance Officer of Vedant Fashions.
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.