Swapna Bhattacharya, For and on behalf of the Promoter 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.
MSTCLTD · price
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Awaiting price reaction for this filing.
Swapna Bhattacharya, acting on behalf of the promoter of MSTC Limited, has filed a disclosure with the stock exchange under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. Under this regulation, any shareholder who has already made a creeping acquisition of up to 5% of the company's shares in a financial year must declare to the exchange that they will not acquire any further shares during that financial year. No specific transaction details, share quantities, or price figures are mentioned in the announcement.
This is a routine regulatory filing indicating the promoter is capping their share acquisitions for the current financial year, which means retail investors should not expect further promoter buying beyond the permitted creeping acquisition limit. It has no direct impact on share price but confirms the promoter has reached their annual acquisition threshold.