SEBI Takeover Code Disclosure: Srinivasan Ravi files Regulation 31(4) disclosure with NSE

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Srinivasan Ravi submitted a disclosure document to NSE under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Regulation 31(4), which mandates disclosure when an acquirer or group crosses 25% shareholding or announces a takeover intent. The filing indicates a material acquisition event at Craftsman Automation, a listed company on NSE. Specific shareholding percentage, consideration, and open offer details are contained in the full disclosure document filed with the exchange.

Why it mattersRegulation 31(4) disclosures trigger mandatory open offer obligations at 25%+ acquisition; the timing and structure will determine whether a full takeover process follows, and whether ongoing open offer conditions (price-fixing, timing, acceptances) must satisfy SEBI review.
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