Niraj Bajaj 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.
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Niraj Bajaj, a promoter of Indef Manufacturing Limited, has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the exchange. This regulation requires promoters and persons in control to disclose their shareholding and any changes as per the prescribed format. The filing is essentially a regulatory compliance submission, and the public announcement does not specify whether it involves a purchase, sale, or any other change in his stake in the company. No specific numbers, transaction values, or percentage changes are mentioned in the headline.
This is a routine regulatory compliance filing and is unlikely to have a direct impact on the stock price. Investors should look for the actual disclosure document to understand if there has been any meaningful change in the promoter's shareholding.