Rajesh Exports Limited files SEBI Takeover Regulation Disclosure under Regulation 31(4)

M&A / JV 6 Jun 2026 · Filed / open· ✓ Verified

Rajesh Exports Limited has submitted a disclosure document to NSE pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure whenever any person acquires shares and voting rights representing 5% or more of the issued and paid-up capital of the target company, or crosses thresholds at 10%, 15%, 20%, 25%, 50%, 75% or 90%. The specific acquisition details (acquirer identity, percentage stake, consideration, and conditions precedent) are contained in the disclosure document filed with the exchange. Depending on the percentage acquired and the acquirer's existing shareholding, an open offer under Regulation…

Why it mattersSubstantial acquisition filings under Reg 31(4) are gating disclosures; the acquirer/offeror must now demonstrate compliance with open offer price-setting, timing, and minimum acceptance conditions within 60 days, and counsel must verify exemption eligibility (if any) before announcements.
SectorFinancial Services
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