Precot Limited 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.
PRECOT · price
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Precot Limited has submitted to the NSE a copy of a disclosure made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies to shareholders who already hold more than 25% but less than 75% (the maximum non-public shareholding limit) of a company's shares, confirming that they are undertaking a creeping acquisition within the permitted annual limit of 5% without triggering an open offer. The filing itself is a compliance requirement rather than a new transaction announcement. No specific shareholding numbers, promoter names, or transaction details are disclosed in the headline.
Routine regulatory filing that signals a promoter or major shareholder is continuing to increase their stake within SEBI-prescribed creeping acquisition limits. No immediate material impact on share price is expected, but it indicates consolidation of ownership by an existing significant holder.