Kamal Khushlani 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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Kamal Khushlani, a promoter of Credo Brands Marketing, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters and controlling persons holding 25% or more shares to file annual declarations about any changes in their shareholding during the financial year. The filing indicates the promoter is complying with mandatory disclosure norms tied to the creeping acquisition framework, though specific details of share movement are not provided in the headline.
This is a routine regulatory compliance filing and does not indicate any change in control or adverse event. Shareholders should await the detailed disclosure to understand whether the promoter has acquired, sold, or maintained their existing stake beyond the 25% threshold.