KOKUYO Co., 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
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KOKUYO Co., Ltd., the promoter entity of Kokuyo Camlin Limited, has filed a disclosure with the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires any shareholder already holding more than 25% of voting rights to disclose acquisitions made during the financial year under the creeping acquisition route, which permits buying up to an additional 5% per year without triggering a mandatory open offer. The filing indicates that KOKUYO Co., Ltd. has acquired additional shares in Kokuyo Camlin during the year while remaining compliant with the regulatory limit. No open offer is triggered by this transaction.
This is a routine regulatory disclosure confirming that the parent company KOKUYO Co., Ltd. has incrementally increased its stake in the Indian subsidiary within SEBI-permitted limits. Minor positive sentiment for existing shareholders as it signals continued promoter confidence in the company.