Chanakya Prakash Mangal 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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Chanakya Prakash Mangal, part of the promoter group of Mangalam Worldwide Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation is typically filed when a promoter or promoter group member has sold shares of the company. The submitted document itself does not include specific details such as the number of shares sold, the price, or the resulting change in promoter shareholding. The filing was digitally signed and dated April 9, 2025.
Investors should note that a Reg 31(4) filing generally follows a promoter share sale, signaling potential promoter trimming. However, since no quantitative details are provided in this document, shareholders may want to look for the accompanying shareholding pattern or insider trading disclosures for clarity on the size and impact of the sale.