Suresh Patel files substantial acquisition disclosure under SEBI Takeover Code for Jash Engineering
Suresh Patel 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 disclosure indicates acquisition of shares or voting rights triggering the 25% threshold or crossing a higher slab. The filing is a mandatory pre-offer stage in the statutory takeover regime and initiates the 4/6-week open-offer window unless exempted. Jash Engineering Limited, listed on NSE, is an industrial equipment and engineering services provider.
Why it mattersRegulation 31(4) disclosure is a gating checkpoint: once filed, any further acquisition requires an open offer unless an exemption (e.g. creeping acquisition up to 55% per Reg 10) or prior SEBI relief applies-critical for deal structuring and timeline.
Counsel—
SectorIndustrials
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Sources
- NSE Archives (Primary Disclosure) · official
- NSE Corporate Actions Database · official
- SEBI Takeover Code (2011 as amended) · official
- Jash Engineering Limited – Company Website / BSE Filing · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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