Jagan Mohan Reddy Nellore 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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Jagan Mohan Reddy Nellore, a promoter of Rain Industries Limited, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies to persons who hold more than 25% of shares (or 15% in certain cases) and requires them to declare that they do not intend to acquire additional shares without complying with open offer obligations. The filing serves as a compliance declaration confirming no creeping acquisition beyond regulatory thresholds is being attempted.
This is a routine regulatory compliance filing and does not indicate any change in promoter holding or any open market activity. Shareholders should note no immediate impact on shareholding or stock price is expected from this disclosure.