Sajjan Bhajanka 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.
CENTURYPLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and in line with its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sajjan Bhajanka, a promoter of Century Plyboards, has filed a disclosure with the stock exchange under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This regulation requires a shareholder to disclose when their holding falls below the minimum substantial shareholder threshold of 10%. The filing appears to be a routine regulatory compliance submission indicating a change in the promoter's shareholding position relative to this threshold. The specific quantum of change and direction (buy or sell) is not detailed in the headline.
This is largely a compliance disclosure and may not materially affect the stock price. Investors should look for the detailed disclosure to understand if it reflects a meaningful change in the promoter's stake, though Reg 31(4) filings typically relate to holdings crossing below the 10% mark rather than large promoter exits.