Mofatraj P. Munot files substantial acquisition disclosure under SEBI Takeover Code

Regulatory 3 Jul 2026 · Filed / open· ✓ Verified

Mofatraj P. Munot has submitted a formal disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 31(4) requires disclosure of substantial acquisitions, typically triggered when a person acquires shares crossing the 5% threshold or when concert arrangements emerge. The filing implies either a recent acquisition by Munot crossing a reporting threshold or identification of a concert-party relationship with existing shareholders in Kalpataru Projects International Limited. NSE has formally recorded the disclosure in the corporate announcements segment.

Why it mattersA Reg. 31(4) disclosure flags either a breach of the 5% reporting threshold or a material concert-party arrangement; counsel should immediately reconcile the acquirer's shareholding statement with prior public filings and assess triggering conditions for an open offer under Regulation 26.
Counsel—
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