Failure to Disclose Pledge and Off-Market Transactions Violates SEBI Regulations, Affecting Shareholding Structure in Company Case.

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....Failure to make the necessary disclosures regarding creation/invocation/release of certain pledge transactions and off-market transactions/purchase of shares in the company - whenever the pledging of the shares of the appellants were invoked, the appellants were required to make the necessary disclosures as it involved a change in the shareholding. - AT....