Ashok B. Jain files SEBI Regulation 31(4) disclosure with NSE for substantial acquisition of shares in JISL

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Ashok B. Jain submitted a Regulation 31(4) disclosure to NSE on 19 June 2026 regarding a substantial acquisition of shares in Jain Irrigation Systems Limited. The disclosure is triggered when shareholding or voting rights cross a notified threshold (typically 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%, 55%, 65%, 75%, or 90%). The immediate disclosure under Regulation 31(4) must be followed by a detailed Form A submission within 4 working days, which must contain acquisition cost, price paid, and the acquirer's intent regarding further acquisition and open offer plans.

Why it mattersRegulation 31(4) creates an immediate hard-stop disclosure obligation upon threshold crossing, with no materiality carve-out; acquirer intent (open offer, stake-building, creeping acquisition) must be disclosed in Form A and will determine subsequent open offer triggers under Regulation 10.
SectorIndustrials
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