Narrindra Surana has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
DDEVPLSTIK · price
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Narrindra Surana, a promoter of Ddev Plastiks Industries, has filed a disclosure with the exchange regarding an acquisition of shares made under an exemption provided in Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 10 provides exemptions from the mandatory open offer requirement for certain qualifying acquisitions, such as inter se promoter transfers, buybacks, or incremental (creeping) acquisitions. The filing under Regulation 10(6) is a mandatory reporting requirement when such an acquisition takes place. The exact number of shares, price, and mode of acquisition are not specified in the headline.
This is a routine regulatory disclosure and does not, by itself, signal any material change in control. Shareholders should look at the detailed disclosure for the size and nature of the acquisition to assess any impact on promoter shareholding or future open offer triggers.