Lakshmi Niwas Bangur files SEBI Reg 31(4) substantial acquisition disclosure in Peria Karamalai Tea

M&A / JV 1 Jul 2026 · Filed / open· ✓ Verified

Lakshmi Niwas Bangur submitted a formal disclosure to the NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of The Peria Karamalai Tea & Produce Company Limited. The disclosure mechanism requires persons acquiring 5% or more of voting capital, or subsequent acquisitions of 2% or more (if already holding 5%+), to file within two trading days. The identity of Bangur as a natural person and the choice of NSE as the filing exchange suggest the target is NSE-listed. No open offer announcement or competing bid information has emerged, indicating either a strategic acquisition below open offer thresholds or an ongoing…

Why it mattersRegulation 31(4) disclosure signals either crossing of a 5% threshold or a material subsequent acquisition by an existing substantial shareholder; practitioners should review the full Appendix 1 of the disclosure to determine trigger type and any resultant open offer obligation under Regulation 26.
SectorConsumer & Retail
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