Affordable Robotic & Automation Limited: SEBI Takeover Disclosure (Reg. 31(4))
Milind Padole submitted a SEBI Form DIS (Disclosure Form) under Regulation 31(4) of the SEBI Takeover Code to NSE, indicating that his shareholding in ARAL has crossed a prescribed threshold (typically 5%, 10%, 15%, 25%, 51%, or 75%). The disclosure is mandatory within two trading days of the acquisition. The identity of the acquirer, the precise shareholding percentage achieved, and the consideration paid are specified in the filed disclosure document. ARAL is listed on NSE.
Why it mattersThreshold-crossing shareholding acquisitions require immediate disclosure and public announcement; failure to comply invokes SEBI enforcement action and trading halt. Review whether this signals a board-level change or control shift that may require shareholder approval or further regulatory filings.
SectorIndustrials
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Sources
- NSE Archives – Affordable Robotic & Automation Limited Disclosure Document · official
- SEBI Official – Substantial Acquisition of Shares and Takeovers Regulations, 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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