Rohit Relan 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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Awaiting price reaction for this filing.
Rohit Relan, a person in control of NDR Auto Components, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires persons who have acquired shares through creeping acquisition (reaching or crossing the 25% threshold) to declare that they will not reduce their shareholding below 25% between the date of acquisition and the end of the relevant financial year. The filing is a regulatory compliance requirement and does not involve any new buy or sell transaction. No specific share quantity or percentage details are mentioned in the headline.
This is a routine regulatory compliance filing and is unlikely to have any direct impact on the stock price. However, it confirms that the acquirer's holding is at or near the 25% threshold, which is relevant context for shareholders tracking promoter/in-control shareholding levels.