Padmaraj Padmanabhan Pillai files SEBI Takeover Disclosure for Power & Instrumentation (Gujarat) Limited
Padmaraj Padmanabhan Pillai submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to NSE. The filing suggests a direct or indirect acquisition or pledge of shares in Power & Instrumentation (Gujarat) Limited crossing regulatory thresholds. The specific shareholding percentage, consideration, and timing of the underlying acquisition are not disclosed in the Bar & Bench reference; the actual acquisition details are contained within the NSE-filed disclosure document.
Why it mattersRegulation 31(4) disclosure is typically a post-acquisition reporting requirement triggered when a substantial shareholder crosses regulatory thresholds; the practitioner must review whether an open offer is mandated under Regulation 3 or Regulation 10 of the SEBI Takeover Code.
Counsel—
SectorIndustrial Equipment & Engineering
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Sources
- NSE Archives - Disclosure Filing · official
- Bar & Bench
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