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Raakesh B Kulwal, promoter of Jhandewalas Foods Limited, has confirmed that neither he nor the Promoter/Promoter Group & Persons Acting in Concert (PAC) have made any encumbrances, directly or indirectly, during the financial year. This disclosure is significant as it indicates stability in the ownership structure, which can enhance investor confidence and reflects the promoters' commitment to maintaining unencumbered shares.