Gokul Agro Resources: Substantial Shareholder Disclosure under SEBI Takeover Code
The disclosure was submitted to the National Stock Exchange of India under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This mandatory filing arises when an acquirer crosses prescribed thresholds of shareholding (typically 25% or higher, or acquisition of 2% in a financial year once 25% is held). The specific consideration amount, number of shares acquired, and timing of acquisition are recorded in the filed disclosure document.
Why it mattersSEBI Regulation 31(4) disclosure triggers heightened scrutiny of subsequent acquisition intent and timing; partners must track whether open offer obligations follow under Regulation 26 if material acquisition continues.
SectorConsumer & Retail
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Sources
- NSE Archives (NSE Corporate Filings Portal) · official
- SEBI Official Website - Takeover Regulations 2011 · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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