Tarun Sanjay Mehta files substantial acquisition disclosure under SEBI Takeover Code
The disclosure was submitted to the NSE on 16 Jun 2026 by Tarun Sanjay Mehta in compliance with Regulation 31(4) of the SEBI (SAST) Regulations, 2011. This regulatory pathway is triggered when a person acquires or is deemed to acquire shares or voting rights crossing statutory thresholds (typically 5% or multiples thereof), or upon acquiring control. The specific shareholding amount, acquisition price, and conditions precedent are not disclosed in the headline announcement but are contained in the full disclosure document filed with the exchange.
Why it mattersReg 31(4) disclosure signals either crossing of 5% threshold or a triggering event requiring public announcement; confirms that insider/substantial shareholder transactions at Ather Energy remain subject to takeover code gating even in a listed EV-tech name.
SectorTechnology
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Sources
- NSE – Disclosure Filing (ATHERENERG) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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