Sanjiv Shroff files SEBI Takeover Regulation disclosure for substantial acquisition in Reliance Chemotex Industries

M&A / JV 29 Jun 2026 · Filed / open· ✓ Verified

Sanjiv Shroff submitted a formal disclosure to the NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, governing mandatory announcements by persons acquiring or ceasing to hold a material stake. Reliance Chemotex Industries Limited is a textile and chemicals manufacturer. The specific shareholding quantity, purchase price, and deal structure are not disclosed in the headline filing but would be detailed in the full Regulation 31(4) letter attached to the NSE announcement.

Why it mattersRegulation 31(4) triggers mandatory public disclosure within 2 trading days of crossing the 25% threshold or subsequent slab boundaries; the timing and scope of disclosures telegraphs intent and is material for minority shareholders and litigation risk.
SectorIndustrials
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