Earthstone Holding (Two) Private Limited files SEBI Regulation 31(4) disclosure for substantial acquisition in Chambal Fertilizers

M&A / JV 28 Apr 2026 · Filed / open· ✓ Verified

Earthstone Holding (Two) Private Limited has triggered SEBI's mandatory disclosure requirement under Regulation 31(4) of the Substantial Acquisition of Shares and Takeovers Regulations, 2011, following what appears to be a substantial shareholding acquisition in Chambal Fertilizers & Chemicals Limited. The disclosure was submitted to NSE. No further details regarding acquisition percentage, consideration, or transaction conditions were disclosed in the available filing extract.

Why it mattersA Regulation 31(4) disclosure is filed when an acquirer crosses the 25% shareholding threshold in a listed company; this filing establishes the formal record of the takeover notice and kicks off the board approval and merger protocol timeline under the SEBI Takeover Code.
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