Zuari International files substantial acquisition disclosure in Texmaco Rail & Engineering under SEBI Takeover Code

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

Zuari International Limited has filed a Regulation 31(4) disclosure with the NSE under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of Texmaco Rail & Engineering Limited. Regulation 31(4) requires disclosure within 2 calendar days of an acquisition of shares / voting rights that triggers the acquisition threshold or post-acquisition creeping acquisition conditions. The filing indicates a material shareholding event; the precise quantum, acquisition date, and price remain to be verified from the detailed disclosure document filed with the exchange.

Why it mattersReg 31(4) disclosure (post-acquisition notice) confirms a creeping acquisition or threshold breach; review the acquisition price band and aggregate holding to determine whether an open offer is mandated under Regulation 38(1) depending on crossing 26% or 55% thresholds.
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