�Deepak Choudhari�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.
Awaiting price reaction for this filing.
Deepak Choudhari, identified as a promoter/promoter group member of Amit Spinning Industries Limited, has submitted a disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011 to the exchange. This regulation requires promoters or persons acting in concert to disclose their status and intentions regarding continued shareholding/acquisitions in the company. No specific shareholding figures or transaction values were disclosed in the announcement. The filing is part of a routine regulatory compliance requirement applicable to certain categories of shareholders.
This is largely a regulatory compliance filing and is unlikely to have a direct material impact on the stock price. However, investors should monitor whether Choudhari's stake is near any takeover-trigger thresholds, as Reg 31(4) disclosures are typically filed by promoters approaching the creeping acquisition limits.