Sandip Somany 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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Sandip Somany, associated with the promoter group of AGI Greenpac Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the stock exchange. This regulation applies to any person who, along with persons acting in concert, holds more than 5% but less than 10% of the company's shares and undertakes not to acquire further shares that would take their holding to 10% or above without making a public open offer. The filing is a routine regulatory compliance confirming that the current holdings remain within the permitted 5-10% band. No details of any buy or sell transaction, specific share quantity, or change in holding percentage have been mentioned in this filing.
This is a routine compliance filing and does not indicate any change in ownership or a fresh acquisition. Shareholders are unlikely to see any material impact on the stock price, though it confirms the promoter's holding stays within regulatory limits that avoid triggering a mandatory open offer.