Anjanmoy Chatterjee and Suchhanda Chatterjee file SEBI Reg 31(4) disclosure for substantial acquisition in Speciality Restaurants Limited

M&A / JV 24 Jun 2026 · Announced· ✓ Verified

Anjanmoy Chatterjee and Suchhanda Chatterjee have submitted a formal disclosure to NSE under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing typically precedes a substantial increase in shareholding and establishes the acquirer's intent and current shareholding position. Speciality Restaurants Limited operates a chain of restaurant brands in India and is listed on the NSE and BSE. The disclosure does not specify the quantum of acquisition or valuation; further details are expected in the formal open offer document (if triggered) or subsequent regulatory filings.

Why it mattersRegulation 31(4) disclosure is a precursor to open offer; acquirers must now comply with all conditions precedent (regulatory approvals, minimum public shareholding maintenance) and trigger the mandatory open offer requirement under SEBI if the acquisition results in crossing the 25% threshold or triggering other open-offer gates.
Counsel—
SectorConsumer & Retail
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