Puran Associates Private Ltd 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.
EVEREADY · price
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Puran Associates Private Limited, a promoter-linked entity of Eveready Industries India, has filed a declaration with the stock exchange as required under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to confirm that shares recently bought on the stock exchange through creeping acquisition will not be sold or transferred for six months from the date of purchase. The filing is a routine compliance submission that usually follows market purchases by promoters that stay within the 5% annual creeping acquisition limit. No specific share quantity or transaction value is mentioned in the headline.
This is a procedural compliance filing and is generally neutral for shareholders. It indicates promoter confidence through market buying but also signals a temporary lock-in on those recently acquired shares, meaning the promoter cannot exit these holdings for six months.