Saroj Kumar Poddar files Regulation 31(4) disclosure of substantial acquisition under SEBI Takeover Regulations
Saroj Kumar Poddar has submitted a Regulation 31(4) disclosure to NSE on or around 19 June 2026 under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure is mandatory whenever a person or group acquires shares or voting rights exceeding specified thresholds (5%, 10%, 15%, 20%, 25% or 51%). The filing signals entry into SEBI's takeover regime and may trigger subsequent open-offer, creeping-acquisition or additional disclosure obligations depending on the final shareholding percentage and intent.
Why it mattersRegulation 31(4) disclosures must be filed within 4 trading days of crossing the 5% acquisition threshold; this filing marks the commencement of the takeover regulatory framework and potential open-offer liability if shareholding has reached 25% or a control-acquisition benchmark.
SectorFMCG
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
- NSE Corporate Announcements Archive · official
- Bar & Bench Legal News
- BSE corporate announcements · official
- NSE corporate announcements · official
- CCI combination orders · official
Related deals
- K.M. Sugar Mills Limited: Scheme of Arrangement22 Aug 2026
- India Glycols Limited receives NSE and BSE observation letters on Scheme of Arrangement with IGL Spirits Limited21 Aug 2026
- KCP Sugar: Regulation 29(2) Disclosure under SEBI Takeovers Regulations21 Aug 2026
- Axita Cotton files Expression of Interest in Varidhi Cotspin CIRP21 Aug 2026
- K.M. Sugar Mills Limited files Scheme of Arrangement with NSE20 Aug 2026
- Indo Borax & Chemicals Limited: Acquisition20 Aug 2026