Nareshkumar R. Patel , Chetankumar C Vaghasia 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.
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Promoters Nareshkumar R. Patel and Chetankumar C. Vaghasia have submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This regulation requires promoters/persons holding more than 25% voting rights to disclose that they have not made any further acquisition of shares that would trigger a mandatory open offer. The filing appears to be a routine compliance submission confirming adherence to takeover code norms. The headline does not specify whether the disclosure reflects any acquisition, sale, or merely a no-change confirmation. No specific share movement, percentage, or pledged shares details are disclosed in the headline.
This is typically a routine regulatory compliance filing and not a trigger for any immediate price movement. Investors may want to check the actual disclosure document on the BSE/NSE portal for exact details on whether any shares were acquired or sold.