Suhrid Somani files SEBI Regulation 31(4) substantial acquisition disclosure for Oricon Enterprises

M&A / JV 22 Jun 2026 · Filed / open· ✓ Verified

Suhrid Somani submitted a Regulation 31(4) disclosure to NSE on 22 June 2026. Regulation 31(4) mandates disclosure of substantial acquisitions of shares and voting rights by an acquirer. The disclosure indicates a shareholding change in Oricon Enterprises Limited, a listed company. Without access to the full PDF or corroborating press releases, the exact shareholding percentage acquired, consideration value, and target company's sector remain unverified in secondary sources.

Why it mattersRegulation 31(4) filings are gating disclosures for acquisitions crossing the 25% threshold; the timing and nature of subsequent open offer requirements depend on whether this is a creeping acquisition or a direct acquisition hitting the trigger in a single tranche.
Counsel—
SectorIndustrials
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