Hari Krishan Agarwal 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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Awaiting price reaction for this filing.
Hari Krishan Agarwal, who appears to be a promoter of Campus Activewear, has filed a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation is triggered when a promoter makes incremental share purchases that take their aggregate acquisition in a financial year above 2% but not more than 5% of the company's paid-up share capital — a framework commonly known as 'creeping acquisition.' The filing is a mandatory continuing obligation under the takeover code. The headline itself does not mention the exact number of shares acquired or the new shareholding percentage. Shareholders would need to check the attached disclosure for the specific details.
This is a routine compliance filing under takeover regulations and is unlikely to materially move the stock on its own. Retail investors should review the attached disclosure to track how the promoter's stake is changing and whether the promoter is moving closer to any key shareholding thresholds.