Sanjay Kirloskar files SEBI Takeover Regulation disclosure under Reg 31(4)

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Sanjay Kirloskar, a key member of the Kirloskar group promoter family, has submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure of acquisitions that cross prescribed shareholding thresholds. The filing triggers statutory obligations toward public shareholders and market participants. The exact quantum of shares acquired, purchase price, and triggering threshold are contained in the full disclosure document.

Why it mattersRegulation 31(4) disclosure is mandatory within two trading days of crossing the 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50% or 55% threshold in listed entity shareholding; this filing signals either Kirloskar family consolidation, an open offer trigger event, or a material change in control position requiring market transparency.
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