Loyal Textile Mills Files SEBI Takeover Disclosure under Regulation 31(4)
Loyal Textile Mills Limited submitted a formal disclosure to NSE pursuant to SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The filing was deposited in NSE archives on 19 Jun 2026. Regulation 31(4) requires disclosure of material information regarding acquisitions exceeding prescribed thresholds within a strict timeline, and the filing initiates the regulatory approval and public dissemination process. Specific details of the acquirer, consideration, and shareholding percentage are contained in the linked regulatory document.
Why it mattersRegulation 31(4) disclosures are mandatory within 2 working days of crossing specified acquisition thresholds (25%, 50%, 75%, 90%); this filing confirms the company has met a reporting obligation under the takeover code, creating a public precedent for the acquirer's identity and terms in the linked disclosure document.
SectorConsumer & Retail
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Sources
- NSE Corporate Archives · official
- SEBI Official - Substantial Acquisition of Shares and Takeovers Regulations, 2011 · official
- NSE Listing Rules - Chapter V (Continuous Disclosure) · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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