Mahendra Nahata 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.
EXICOM · price
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Mahendra Nahata, the promoter of Exicom Tele-Systems, has submitted a disclosure to NSE under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies to any person who already holds 25% or more of a company's shares, confirming they do not intend to acquire additional shares beyond the legally permitted creeping limit of 5% per financial year without making an open offer. The filing is a routine compliance submission and does not involve any actual share purchase, sale, or change in the promoter's stake. No new numbers or transaction values are mentioned in the disclosure.
This is a routine regulatory compliance filing and is unlikely to have any direct impact on the stock price. It does, however, serve as a reminder to investors that the promoter holds 25% or more of the company, meaning further accumulation by him would require an open offer to all shareholders.