Ramarao Atchuta Mullapudi files substantial acquisition disclosure under SEBI Takeover Regulations

Regulatory 19 Jun 2026 · Filed / open· ✓ Verified

The disclosure was submitted to NSE by Ramarao Atchuta Mullapudi under Regulation 31(4) of the SEBI Takeover Code, which requires disclosure of acquisition of shares leading to a change in control or substantial shareholding. The filing indicates either a past acquisition that crossed a statutory threshold or an intention to acquire, requiring public disclosure within two trading days. Xtglobal Infotech Limited is the target company. The precise quantum of shares, consideration, and whether an open offer is mandated depend on the acquiror's existing and post-acquisition holding and the applicable exemption tests.

Why it mattersA Reg 31(4) disclosure typically precedes or accompanies an open offer trigger (5% / 10% / 25% threshold); partners must verify the precise acquisition % and whether a mandatory offer obligation arises, and advise on timing, conditions and exemption avenues under Reg 31A–31C.
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