Madhav Copper Limited has informed the Exchange regarding '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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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 4.4 pts less than its Aluminium Copper & Zinc Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company has filed a compliance disclosure under Regulation 31(4) of the SEBI Takeover Regulations. This regulation applies when the promoter and persons acting in concert together hold 25% or more of the company's shares but less than the maximum permissible non-public shareholding limit. Under this rule, the promoter confirms that they will not acquire additional shares beyond the creeping acquisition limit (5% per financial year) without making an open offer to public shareholders. This is a routine regulatory filing rather than a new transaction.
This is a standard compliance disclosure and does not indicate any fresh buying, selling, or change in promoter stake. Shareholders should treat it as informational only, with no direct impact on share price or ownership structure.