Kunj Bihari Agarwal files SEBI Takeover disclosure under Regulation 31(4) for Rupa & Company Limited
Kunj Bihari Agarwal has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to NSE. This disclosure is typically filed when a single promoter or group crosses or proposes to cross the 25% threshold of voting rights in a listed company. The filing marks the formal commencement of takeover code compliance obligations under the SEBI Takeover Regulations. Rupa & Company Limited is a publicly listed apparel and hosiery manufacturer with presence in domestic and export markets.
Why it mattersRegulation 31(4) disclosure is mandatory once an acquirer crosses 25% shareholding; this filing triggers the open offer window and requires the acquirer to comply with full takeover code within 60 days, a critical gating event for any control transaction in listed Indian equities.
SectorConsumer & Retail
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Sources
- NSE Corporate Announcements Archive · official
- SEBI Official Website - Takeover Regulations 2011 · official
- NSE Listing Centre - Rupa & Company Limited · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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