Royal Sense Limited has issued a clarification regarding an inadvertent clerical error in its recent disclosure of share pledges. The company mistakenly reported 10,00,000 shares as encumbered, when in fact, the post-event holding of encumbered shares is Nil (0 shares), representing 0% of the total shareholding. The corrected figure pertains to unencumbered shares that were incorrectly classified due to an oversight. This revision ensures accuracy in shareholding details as per regulatory requirements.
Disclosure Correction on Share Pledges
Royal Sense Limited has provided a clarification concerning its disclosure related to the encumbrance of shares by promoters, as per Regulation 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company wishes to rectify an error in a previously submitted revised disclosure.
Details of the Clerical Error
The company states that due to an inadvertent clerical error, the post-event holding of encumbered shares was incorrectly reported as 10,00,000 shares in the earlier disclosure. The actual post-event holding of encumbered shares is Nil (0 shares), which represents 0% of the total shareholding. The figure of 10,00,000 shares mistakenly entered was, in fact, the number of unencumbered (unpledged) shares. This figure was erroneously placed in the column for encumbered shares due to a clerical oversight.
Rectification and Assurance
The error has now been duly rectified in the revised disclosure. The post-event holding of encumbered shares has been corrected from 10,00,000 shares to Nil (0 shares), and the corresponding percentage has been updated from the previously reported figure to 0%. Royal Sense Limited assures that this revision is limited to correcting the inadvertent clerical error in the classification and reporting of shareholding details. The company has made this revision to ensure the accuracy and consistency of the information provided, adhering to applicable regulatory requirements. The company requests that the clarification and revised disclosure be taken on record by the exchange.
Source: BSE
