Naresh Kumar Bansal files substantial acquisition disclosure under SEBI Takeover Code

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

The disclosure was filed by Naresh Kumar Bansal with the NSE on or around 6 July 2026. Regulation 31(4) of the SEBI (Takeovers) Regulations, 2011 mandates disclosure when a person acquires shares or voting rights in a company in such quantity as to trigger substantial acquisition thresholds (25% or higher) or when a public announcement is made. The company is listed on NSE (ticker RAMASTEEL). No settlement value, acquisition percentage, or binding conditions are disclosed in available public sources.

Why it mattersA Regulation 31(4) disclosure is a mandatory open market acquisition notification; where a single acquirer breaches 25% shareholding threshold or makes a public announcement, the full takeover code framework applies-requiring OFS, independent valuers, and SEBI clearance if applicable.
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