SVC Industries Limited has submitted a point-wise reply to the BSE Limited concerning discrepancies in its disclosures under SEBI (SAST) Regulations 2011. The company addressed issues related to reporting dates, reasons for encumbrance, disclosure format, and consolidated reporting of pledged shares for Akhil Marketing Pvt. Ltd. The responses aim to clarify the company’s compliance with regulatory requirements and ensure transparency for stakeholders.
SVC Industries Addresses Disclosure Queries from BSE
SVC Industries Limited has formally responded to queries raised by the BSE Limited regarding specific discrepancies in its disclosures. The company provided its point-wise reply concerning information filed under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, along with relevant SEBI circulars.
Clarifications on Reporting and Encumbrance
In its submission dated October 21, 2026, SVC Industries clarified that the reporting date was indeed provided in Annexure 1 of the disclosure. Furthermore, the reasons for encumbrance have also been detailed within the same annexure. The company emphasized that the disclosure format was reviewed and prepared in accordance with the prescribed formats outlined in the applicable SEBI circulars.
Consolidated Disclosure for Akhil Marketing Pvt. Ltd.
Addressing the specific concern regarding the post-event holding of encumbered shares for Akhil Marketing Pvt. Ltd., SVC Industries stated that the disclosure has been made on a consolidated basis. This includes aggregating pledged shares and those covered under Non-Disposal Undertakings (NDU) within the relevant column of the disclosure. The company has requested the BSE to take these replies and the relevant disclosures on record.
Source: BSE
