Ghanshyambhai Mohanbhai Kumbhani files substantial acquisition disclosure under SEBI Takeover Code

M&A / JV 29 Jun 2026 · Announced· ✓ Verified

Ghanshyambhai Mohanbhai Kumbhani submitted a Regulation 31(4) disclosure to NSE under the SEBI Takeover Regulations, 2011, signalling a material increase in shareholding in Sikko Industries Limited. The filing is a mandatory pre-offer disclosure required within 4 trading days of crossing the substantial acquisition threshold. This triggers the requirement for an open offer at a floor price determined by SEBI methodology within 60 calendar days. The acquirer's identity and exact shareholding % are disclosed in the filed document; the transaction structure and consideration remain subject to the subsequent open offer announcement.

Why it mattersAcquirer has crossed the 25% threshold (or relevant slab) requiring public disclosure and likely an open offer at floor price within 60 days; counsel must verify exact shareholding % and applicability of exemptions (e.g., s.90A for CCLA/ESOP) and structure any subsequent mandatory/voluntary offer.
SectorIndustrials
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