Pankaj Bajaj files Regulation 31(4) substantial acquisition disclosure with NSE for Eldeco Housing and Industries

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Pankaj Bajaj has submitted a formal disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the National Stock Exchange. This regulation mandates that any person who acquires shares resulting in substantial shareholding (crossing 25% or achieving control) must disclose within two trading days. The filing with NSE creates a public record and potential trigger for an open offer under Regulation 37, unless an exemption (e.g., creeping acquisition, restructuring) applies. The exact shareholding percentage, acquisition method, and any open offer obligation remain to be confirmed from the full disclosure document.

Why it mattersA Regulation 31(4) disclosure is a mandatory post-acquisition filing within two trading days of crossing the 25% threshold or upon change in control intent; this filing triggers public scrutiny and potential open offer obligations under Regulation 37, requiring counsel to verify the acquirer's intent classification and any exemptions claimed.
SectorConsumer & Retail
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