Jai Corp Limited: Disclosure under SEBI Regulation 31(4) – Substantial Acquisition of Shares
Under SEBI (SAST) Regulations 2011, when an acquirer crosses 25% of a listed company's paid-up capital, a Regulation 31(4) disclosure must be filed with the exchange within two trading days. This filing initiates the takeover disclosure and open offer regime. The specific acquirer identity, stake percentage, consideration, and any exemptions claimed are contained in the filed disclosure document. Jai Corp's submission to NSE on 6 June 2026 represents compliance with this mandatory reporting requirement.
Why it mattersA substantial shareholder (likely ≥25%) has acquired or aggregated holdings in Jai Corp, triggering mandatory open offer obligations under SEBI Takeover Code unless an exemption applies (e.g., creeping acquisition, preferential offer, or specific regulatory carve-out).
SectorFinancial Services
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Sources
- NSE Corporate Archives – Jai Corp Limited Disclosure · official
- SEBI Official – SAST Regulations 2011 & Circulars · official
- NSE Listing Agreement & Takeover Rules · official
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