Narayan Sitaram Saboo 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.
MOHITIND · price
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Narayan Sitaram Saboo, a promoter of Mohit Industries 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 applies to persons holding more than 25% voting rights or those acting in concert with them, who must disclose any change in their shareholding on a continual basis. The public announcement does not specify whether the disclosure relates to a purchase, sale, or pledge of shares, nor does it mention the exact quantum of shares involved.
Since the nature and direction of the shareholding change are not disclosed in this filing, there is no immediate clear directional impact on the stock price. Investors should monitor the detailed disclosure on the BSE/NSE website to understand if this signals buying, selling, or pledging activity by the promoter.