Madhav Marbles and Granites Limited 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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Madhav Marbles and Granites Limited has submitted a disclosure to the exchange under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies when an entity holds between 5% and 10% of a company's shares and wants to acquire more, restricting additional purchases to 2% per financial year without triggering an open offer. The filing indicates that a shareholder is operating near the initial disclosure threshold and has either acquired shares or is confirming their position within the permitted creeping acquisition limits. The announcement does not specify the name of the acquirer, the exact shareholding percentage, or the value of the transaction.
For retail investors, this is a routine compliance filing that signals an existing shareholder (likely a promoter or significant entity) is active in the stock but operating within SEBI-prescribed limits. It does not indicate a hostile takeover or major change in control, and is unlikely to cause immediate price movement without further details.