Shailesh Bhandari has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
ELECTHERM · price
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Shailesh Bhandari has submitted a disclosure to the exchange under Regulation 10(5) of the SEBI Takeover Regulations, 2011. This regulation requires any acquirer, along with persons acting in concert, to disclose to the company and exchanges when their aggregate shareholding crosses the 5% threshold or when they acquire more than 5% of shares in a financial year (commonly known as creeping acquisition). The specific details of the number of shares acquired, the price, and the resulting shareholding percentage are not included in the headline and would be found in the attached disclosure document. Shailesh Bhandari is associated with the promoter/promoter group of Electrotherm (India) Limited.
This is a mandatory regulatory disclosure, not a fresh acquisition event. Shareholders should review the detailed disclosure to understand the extent of the shareholding change. Creeping acquisition disclosures near regulatory thresholds can sometimes signal promoter intent to increase stake or consolidate control, and may have a mild positive impact on stock sentiment if it shows promoter confidence.