Madhav Dhir 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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Awaiting price reaction for this filing.
Madhav Dhir has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies to shareholders who already hold more than 25% of a company's shares and restricts them from acquiring additional shares beyond a set annual limit (5% per financial year) without making a mandatory open offer. The filing indicates that Madhav Dhir likely holds a significant stake in Lords Chloro Alkali and is confirming compliance with the creeping acquisition limit. The document does not specify the exact shareholding percentage, direction of trade, or any change in stake. This appears to be a routine regulatory compliance filing.
No immediate impact on shareholders or stock price is expected, as this is a compliance disclosure confirming adherence to takeover norms. Investors should watch for any further filings that disclose actual changes in Madhav Dhir's shareholding.