Consortium led by Udayant Malhoutra files substantial acquisition disclosure for Dynamatic Technologies
The consortium comprises multiple entities across Udayant Malhoutra's group structure (JKM Holdings, JKM Offshore, Malhoutra group companies, and associated entities including Greenearth Biotechnologies, Primella Sanitary Napkins, Vita, and Wavell Investments), filing jointly under Regulation 31(4) of the SEBI Takeover Regulations 2011. The filing to NSE marks formal disclosure of the acquisition intent, with the structure suggesting either a creeping acquisition crossing the 25% threshold or a deemed acquisition triggering control change provisions. The target, Dynamatic Technologies Limited, is an established industrial engineering and defence technology conglomerate. Precise acquisition…
Why it mattersA Regulation 31(4) disclosure triggers mandatory public announcement and open-offer obligations under SEBI Takeover Code; counsel must immediately advise on trigger thresholds (25% or strategic control), public announcement timing, pricing methodology and minority protection mechanics.
Counsel—
SectorIndustrials
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Sources
- NSE Archives – NSE Disclosure Filing (Team Sandesh) · official
- NSE Listed Companies – Dynamatic Technologies Limited · official
- SEBI Official – Substantial Acquisition of Shares and Takeovers Regulations, 2011 (as amended) · official
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