Disclosure under SEBI Takeover Regulations

Aspinwall and Company Limited has submitted an annual declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter group has declared that no encumbrance on the company's shares has been made directly or indirectly during the financial year ending March 31, 2026. This signifies that the promoters have not pledged their shares. For investors, this declaration indicates the financial stability of the promoter group and an absence of immediate liquidity requirements that would necessitate pledging shareholdings.