Patanjali Govind Keswani Files Substantial Acquisition Disclosure Under SEBI Takeover Code

Regulatory 23 Jun 2026 · Filed / open· ✓ Verified

Patanjali Govind Keswani has submitted a Regulation 31(4) disclosure to NSE, the primary exchange for Lemon Tree Hotels (LEMONTREE), indicating a substantial acquisition event or a threshold-crossing in shareholding. Regulation 31(4) mandates disclosure within 2 working days of a triggering event (share purchase, options exercise, or pledge of shares). This filing precedes any formal open offer announcement under Regulations 26–27 and is the gating disclosure for Takeover Code compliance. The precise shareholding, acquisition date, and consideration remain to be disclosed in the full regulation 29/30 forms filed concurrently or within the statutory timeline.

Why it mattersA Regulation 31(4) disclosure under the 2011 Takeover Code is a post-event filing required within 2 working days of crossing a threshold or reaching a triggering condition; this marks a change-in-control or material shareholding event that will likely require follow-on disclosures under Regulations 29–30 and may trigger an open offer obligation depending on the acquirer's final stake and category.
SectorConsumer & Retail
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