Davangere Sugar Company Limited files Regulation 31(4) disclosure under SEBI Takeover Regulations

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

The company has filed the standardised disclosure form required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the National Stock Exchange of India. This disclosure is the gating step in any takeover or substantial acquisition involving a listed Indian company, and must include details of the acquirer, the number and price of shares being acquired, the rationale, funding sources and the timeline for the mandatory open offer to public shareholders. The specific acquisition details (acquirer identity, share count, consideration and offer price) are contained in the filed disclosure document, which is the operative legal instrument.

Why it mattersA Reg 31(4) disclosure is the mandatory public announcement of a proposed or completed substantial acquisition (typically ≥25% of capital); this triggers the open offer obligation and defines the offer price, timeline and settlement mechanics for all public shareholders.
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