Sahasra Electronic Solutions Limited, a key player in India’s electronics manufacturing and semiconductor ecosystem, has submitted a declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, affirming no encumbrance on shares held by promoters for the financial year ending 31st March 2025.

This disclosure, dated 4th April 2025, has been made to the National Stock Exchange of India (NSE) by the company’s Chairman and Managing Director, Mr. Amrit Lal Manwani (DIN: 00920206). The regulatory filing is a statutory annual requirement for promoter shareholders under SEBI's takeover regulations.

What is SEBI Regulation 31(4)?

Under Regulation 31(4) of the SEBI (SAST) Regulations, 2011, all promoters and persons acting in concert (PACs) are required to annually declare whether any encumbrance has been created on the shares they hold. An encumbrance refers to any charge, lien, pledge, or other limitation placed on shares which could affect their free transferability or ownership.

The purpose of this regulation is to ensure transparency in promoter holdings and to protect investor interests by alerting stakeholders about any potential risk to ownership or transferability of promoter-held shares.

Declaration Details by Sahasra Electronic Solutions Limited:

As per the official filing, Sahasra Electronic Solutions Limited and its promoter group have:

• Not created any encumbrance on the shares held in the company.

• Not executed any indirect or direct pledging, lien, or charge on their holdings.

• Fully complied with Regulation 31(4) for the financial year ending 31st March 2025.

This declaration implies that the promoter shareholding remains free of any third-party claim, reinforcing investor confidence and corporate integrity.

Promoter’s Role and Statement:

The declaration was submitted by Mr. Amrit Lal Manwani, the Chairman and Managing Director of the company. His leadership has been instrumental in Sahasra’s growth trajectory, especially after its public listing. Through this disclosure, he reaffirms the company’s commitment to transparency, regulatory adherence, and responsible corporate governance.

Why This Disclosure Matters:

For listed companies, promoter transparency is a significant trust factor among retail and institutional investors. A declaration of no encumbrance means:

• No promoter shares are pledged as collateral for loans or any financial obligation.

• The company’s ownership structure is stable, with no hidden liabilities attached to promoter holdings.

• Investors can trust that the management retains full control over its shareholding without third-party interferences.

Such declarations also play a crucial role in:

• Stock performance analysis, particularly by institutional investors.

• Corporate governance ratings.

• Credit assessments by banks and financial institutions.

About Sahasra Electronic Solutions Limited:

Headquartered in Noida SEZ, Uttar Pradesh, Sahasra Electronic Solutions is a rapidly growing company in India’s electronic manufacturing sector. Known for its semiconductor assembly, PCB manufacturing, and electronics solutions, the company has carved a niche for itself both in the domestic and global markets.

It operates under the parent entity Sahasra Group, with state-of-the-art facilities and ambitions aligned with the Make in India initiative. Sahasra is also among the beneficiaries of India’s PLI (Production Linked Incentive) schemes for electronics and semiconductors.

The company was listed recently on the NSE and continues to attract attention for its expansion into OSAT (Outsourced Semiconductor Assembly and Testing) and EMS (Electronic Manufacturing Services).

Regulatory Compliance and Governance:

The timely filing of the Regulation 31(4) declaration underscores Sahasra’s focus on maintaining clean corporate governance practices. In a market environment where promoter pledging often leads to investor concerns and volatility, Sahasra’s announcement offers reassurance.

It aligns with the expectations of both retail shareholders and institutional investors, ensuring that the promoter’s interests are directly linked to the long-term performance and value creation of the company.

Conclusion:

With this latest declaration, Sahasra Electronic Solutions Limited reinforces its reputation as a transparent, investor-friendly, and regulation-compliant company. The confirmation of no encumbrance on promoter-held shares for FY25 is a positive signal to the market, assuring stakeholders of the company’s financial integrity and corporate governance standards.

As the company continues to expand in India’s semiconductor and electronics space, maintaining such levels of transparency will remain crucial to building long-term investor trust and achieving sustained growth.

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