Siddhartha Roy Burman files SEBI Takeover disclosure under Regulation 31(4)

Regulatory 16 Jun 2026 · Filed / open· ✓ Verified

Siddhartha Roy Burman, identified in the disclosure, has filed the required Form under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, Regulation 31(4), with the NSE. This regulation mandates disclosure within two trading days of crossing prescribed shareholding thresholds (typically 5%, 10%, 15%, etc.). The disclosure itself does not reveal the transaction size, price or date of acquisition; these details appear in the appended disclosure form. Khadim India Limited is a publicly listed footwear company traded on NSE and BSE.

Why it mattersRegulation 31(4) disclosure is a mandatory transparency mechanism for acquirers crossing 5% or derivative thresholds; the filing does not itself indicate a takeover bid but rather compliance with continuous disclosure obligations-partners must determine from the detailed disclosure form whether this precedes an open offer or represents an interim creeping acquisition.
SectorConsumer & Retail
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