Disclosure under SEBI Takeover Regulations

Regulatory 6 Jul 2026 · Filed / open· ✓ Verified

The disclosure was filed with NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, requiring disclosure of acquisition of shares crossing stipulated thresholds or material changes in shareholding. The specific holding size, acquisition date, and consideration are not detailed in the Bar & Bench abstract but would be contained in the full disclosure document filed with the exchange. This filing triggers the Takeover Code's requirement for either continuation toward an open offer (if 25%+ is ultimately crossed) or reliance on exemptions under Regulation 10 or 11.

Why it mattersA Reg 31(4) disclosure signals either a 5% crossing in non-concert shareholding or a material change requiring immediate exchange notification; partners should track for subsequent open offer obligations or exemption orders if this threshold-cross precedes a concert-group acquisition or scheme.
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