Announced Fri, 18 Apr · 19:55 IST

Kedar Vaze (On behalf of promoters, promoter group & Persons acting in concert) of the Company 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.

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Kedar Vaze, acting on behalf of the promoters, promoter group, and persons acting in concert of S H Kelkar and Company, 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 shareholders holding 5% or more to declare that they will not acquire additional shares that could trigger the open offer requirement, except through permitted modes. No specific transaction details, such as share purchases, sales, or pledge changes, are mentioned in the filing. It appears to be a routine regulatory compliance submission by the promoter group.

Likely market impact

This is a routine compliance filing and does not indicate any change in ownership or stake. Shareholders are unlikely to see any immediate impact on the stock price from this disclosure alone.