Praveen Ostwal files SEBI Regulation 31(4) Disclosure under Takeover Code for Krishana Phoschem

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

Praveen Ostwal has submitted a Regulation 31(4) disclosure to NSE, a mandatory requirement under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 when a person acquires shares crossing material thresholds (typically 25% or control). The filing does not disclose the acquisition price, shareholding percentage crossed, or the effective date of acquisition from the bar & bench article alone. The disclosure formalises intent and triggers open offer or other takeover code obligations depending on the shareholding level and control achieved.

Why it mattersRegulation 31(4) disclosure is a gating formality for acquirers crossing 25% threshold; parties must assess competing takeover bid risk, open offer mechanics, and minority squeeze-out exposure under current SEBI takeover code.
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