Milind Manohar Padole 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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Milind Manohar Padole, a person connected with the promoter group, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires persons involved in an open offer to give an undertaking that they will not sell or dispose of their shares during the offer period. The filing confirms receipt of the undertaking but does not detail any change in shareholding, offer size, or transaction value.
This is a routine compliance filing linked to an existing open offer process and does not, on its own, indicate any change in stake or impact on share price. Investors should look for the underlying offer document for details on price, quantity, and timeline.