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Syncom Formulations’ promoters, including Chairman Kedarmal Shankarlal Bankda and persons acting in concert, have disclosed there were no new encumbrances on company shares during the financial year except for shares held under lock-in due to a preferential issue. Kedarmal Bankda holds 2.4 Cr shares and Vimla Bankda holds 4.0047 Cr shares locked in until June 2025 following conversion from warrants. These locked-in shares remain restricted from free market trading, ensuring stability in promoter holding and offering shareholders clarity on share availability in the market.