AARVINSEAarvi Encon LimitedMediumNeutral
Announced Tue, 8 Apr · 16:32 IST

JAYDEV V. SANGHAVI has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Jaydev V. Sanghavi, a shareholder of Aarvi Encon Limited, has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with the stock exchange. This regulation applies to persons who hold more than 10% but less than the maximum permissible non-public shareholding in a company. By making this disclosure, the shareholder typically declares an intention not to acquire control of the company, which allows them to continue acquiring additional shares through the creeping acquisition route (up to 5% per financial year) without triggering a mandatory open offer. No specific share quantity, percentage change, or transaction details have been disclosed in the filing headline itself.

Likely market impact

This is a routine regulatory compliance filing and does not, by itself, indicate any immediate change in ownership or stock price. Shareholders should check the actual disclosure document for details on shareholding percentage and any incremental acquisition being undertaken by Mr. Sanghavi.