Disclosure under SEBI Takeover Regulations

ASK Automotive Limited's promoters, including Kuldip Singh Rathee, have submitted a disclosure under SEBI Takeover Regulations 31(4). The announcement confirms that the promoter group has not encumbered (pledged) any of their shares in the company, either directly or indirectly, for the financial year 2025-26. This indicates that the promoters retain full ownership of their holdings without any borrowings against them. For investors, this is generally seen as a positive sign, reflecting promoter confidence in the company's future and reducing potential risks associated with pledged shares.