Sushil Kumar Aggarwal files substantial acquisition disclosure for AVRO INDIA LIMITED under SEBI Reg 31(4)

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Sushil Kumar Aggarwal has made a formal disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 31(4), which requires notification whenever a person acquires shares, voting rights or convertible securities resulting in a crossing of statutory thresholds (typically 25%, 35%, 55%, 75% bands) or accruing control. The disclosure was filed with the NSE in relation to AVRO INDIA LIMITED, a listed entity. The specific stake percentage, acquisition consideration, timing and stated intent (control acquisition vs. investment holding) are detailed in the formal disclosure document maintained in NSE archives. This is a material corporate governance event…

Why it mattersSubstantial acquisition filings under Reg 31(4) lock mandatory takeover conditions (open offer, minimum price benchmarking, creeping acquisition rules) if control intent is signalled-even at preliminary disclosure stage the acquirer's subsequent conduct is subject to SEBI scrutiny and can trigger open offer obligations.
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