Manpreet Singh files substantial acquisition disclosure under SEBI Takeover Regulations for Almondz Global Securities

M&A / JV 19 Jun 2026 · Announced· ✓ Verified

Manpreet Singh has submitted a Regulation 31(4) disclosure to the NSE under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, signalling a material change in shareholding in Almondz Global Securities, a listed securities brokerage. Reg 31(4) mandates public disclosure when an acquirer crosses a significant threshold; the disclosure itself does not automatically trigger an open offer unless acquisition has breached the 25% (or relevant) threshold. Counsel should obtain the full disclosure document to verify the precise shareholding percentage, consideration structure, and any conditions precedent or lock-in agreements.

Why it mattersRegulation 31(4) disclosure marks the threshold event for public disclosure of substantial acquisitions; counsel should track whether this precedes a formal open offer or creeping acquisition under Reg 5 or 10, and monitor any board-level regulatory approvals or competing bids within the 4-week response window.
Counsel—
SectorFinancial Services
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