Substantial Acquisition Disclosure filed by Haresh D. Ramsingahni in Rama Phosphates Limited under SEBI Takeover Code.

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

The disclosure, filed with NSE on 19 June 2026, is a statement by Haresh D. Ramsingahni under Regulation 31(4) of the SEBI Takeover Regulations 2011, which requires acquirers to disclose details of shares/voting rights acquired following a substantial acquisition event. The precise quantum of shares acquired, the mode of acquisition, and whether an open offer has been triggered or exempted are not specified in the Bar & Bench excerpt and require review of the full disclosure document. This filing is a material regulatory event triggering market disclosure obligations and potential open offer liability.

Why it mattersA Reg. 31(4) disclosure (Post-Acquisition Statement) triggers mandatory public announcement and open offer thresholds; counsel must verify whether the 25% threshold has been crossed and whether an open offer is statutorily required within 60 days.
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