S V balasubramaniam 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.
BANARISUG · price
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Awaiting price reaction for this filing.
S V Balasubramaniam, a promoter of Bannari Amman Sugars, has filed a disclosure under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This regulation requires any person holding more than 25% of shares in a company to disclose annually that they have not acquired additional shares that would trigger the requirement to make an open offer. The filing is a routine compliance submission confirming adherence to takeover code rules and indicates no incremental acquisition beyond permitted limits during the year.
This is a routine regulatory compliance filing and is unlikely to have any material impact on the stock price. It reassures shareholders that the promoter holding structure remains within SEBI takeover norms without triggering any open offer obligation.