D. Vijaysen Reddy files SEBI Regulation 31(4) disclosure for substantial acquisition in Prajay Engineers

M&A / JV 8 May 2026 · Filed / open· ✓ Verified

The disclosure was submitted to NSE on 8 May 2026 and relates to a substantial acquisition of shares or voting rights in Prajay Engineers Syndicate Limited. Under SEBI's Takeover Regulations 2011, any person acquiring 25% or more of shares (or committed to acquire such stake) must disclose within two trading days. The filing triggers standard takeover code gates: public announcement within 4 working days, open offer at fair value within 60 days, and potential creeping acquisition exemptions if applicable.

Why it mattersRegulation 31(4) disclosure triggers when an acquirer crosses 25% threshold or commits to acquire 25%+; this filing signals a material change in control or near-control position requiring immediate exchange notification and public transparency.
SectorIndustrials
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