Supreme Engineering Limited files Regulation 31(4) disclosure under SEBI Takeover Code
Supreme Engineering Limited submitted a disclosure document to the NSE under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires disclosure when a person acquires or agrees to acquire shares such that their shareholding crosses 5% of the company's issued capital, or when they become a party to an agreement to acquire shares that would trigger the open offer obligation. The filing is lodged with the exchange; full details of the acquirer, acquisition value, and intent are contained in the disclosure document.
Why it mattersRegulation 31(4) disclosure is a gate-keepers' mechanism: the acquirer/party must disclose within 4 working days of crossing 5% or of becoming party to acquisition; this filing confirms triggering thresholds have been met and the identity and intent of the acquirer are now on record.
SectorIndustrials
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Sources
- NSE Archives - Supreme Engineering Limited, Regulation 31(4) Disclosure Filing · official
- SEBI Regulations: SAST Regulations 2011 · official
- NSE Listing Agreement & Continuous Disclosure Rules · official
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
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