Divgi Torqtransfer Systems Limited: Substantial Acquisition Disclosure under SEBI Regulation 31(4)
Under SEBI SAST Regulations 2011 Reg 31(4), an acquiror or person acting in concert must disclose to the stock exchange within 4 trading days of crossing 25%, 51%, or 75% shareholding. The NSE filing on 19 Jun 2026 confirms such a disclosure was submitted; the specific acquiror identity, shareholding % crossed, offer price/terms, and any conditions precedent are embedded in the filed Form DIS (Disclosure Form) which requires direct access to the SEBI/NSE portal or company disclosures for full detail.
Why it mattersRegulation 31(4) disclosure signals either a completed acquisition breach of 25%/51% thresholds or an intended public offer; counsel must immediately review the full disclosure document (Form DIS) for threshold crossed, offer terms, and validity conditions.
Counsel—
SectorIndustrials
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Sources
- NSE Archives – Corporate Announcements · official
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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