Shobhan Mittal 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.
GREENPANEL · price
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Shobhan Mittal, a person connected with the promoter group of Greenpanel Industries, has filed a disclosure with the stock exchange under Regulation 10(6) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. This regulation requires reporting of acquisitions made under exemptions provided in Regulation 10, which typically covers inter-se transfers within the promoter group, buyback allotments, or scheme-based acquisitions that are exempt from triggering a mandatory open offer. The exact size of the acquisition, transaction value, and counterparty details are not disclosed in the headline and would require review of the full filing.
This is a routine regulatory disclosure confirming an acquisition that qualifies for an exemption from the open offer requirement. It is unlikely to materially impact the share price, but it indicates reshuffling of holdings within the promoter/family group and signals continued promoter engagement with the company.