Ind-Swift Limited, a promoter of Ind-Swift Laboratories Limited, has revised its earlier disclosure regarding the release of a pledge on 94,99,720 equity shares held by the company. The revised disclosure clarifies that IDBI Trusteeship Services Limited acted as a security trustee on behalf of various lenders, including IDBI Bank Limited, Edelweiss Asset Reconstruction Company Limited, and others.
The original disclosure, dated March 29, 2024, only mentioned IDBI Trusteeship Services Limited as the entity in whose favor the shares were encumbered. This revision provides a more accurate and comprehensive picture of the pledge release.
The revision comes in response to a consolidated email from the Bombay Stock Exchange (BSE) on July 16, 2024, highlighting the need for clarification. Ind-Swift Limited has promptly submitted the revised disclosure to both the BSE and the National Stock Exchange of India (NSE).
This action demonstrates the company's commitment to transparency and regulatory compliance. By proactively rectifying the disclosure, Ind-Swift Limited ensures that stakeholders have access to accurate and up-to-date information regarding the pledge release.
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