Dharmil A. Bodani 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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Dharmil A. Bodani has filed a Regulation 31(4) disclosure under SEBI's Takeover Regulations, 2011 with the stock exchange. This regulation applies to persons who have crossed the initial takeover threshold and intend to make further share purchases, restricting them to a maximum of 5% creeping acquisition between 10-54% shareholding over a financial year. The filing signals that the acquirer is either continuing to buy shares or declaring intent to stay within the creeping acquisition limits. No specific number of shares or transaction value has been disclosed in the headline.
This is a routine compliance disclosure and is largely procedural. It typically does not move the stock price but signals promoter-level interest in consolidating or maintaining shareholding within regulatory limits. Investors should watch for related block deal disclosures or open offer announcements.