Rameshkumar D Poddar acquisition in Siyaram Silk Mills disclosed under SEBI takeover norms
Rameshkumar D Poddar filed a disclosure with the NSE under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, Regulation 10(6), which permits certain acquisitions without triggering the standard 5% open-market disclosure threshold. The filing was submitted on 18 August 2026 and relates to acquisition(s) made in reliance on exemptions provided under Regulation 10 of the SAST Regulations. The specific acquisition value, share count, and exemption basis are not detailed in the headline disclosure; further schedules or follow-up filings would clarify the transaction size and exempt category.
Why it mattersAcquisition relied on a Regulation 10 exemption (likely a non-controlling minority stake or permitted transfer), flagging that not all equity transfers trigger full takeover disclosure-review exemption scope and backstop disclosure obligations.
Counsel—
SectorConsumer & Retail
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Sources
- NSE Archives (NSE ISIN/Disclosure) · official
- SEBI - Substantial Acquisition of Shares and Takeover Regulations, 2011 · official
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