Shanti Overseas (India) 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.
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Shanti Overseas (India) Limited has filed a Regulation 31(4) disclosure with the stock exchanges as required under SEBI's Substantial Acquisition of Shares and Takeovers Regulations. This regulation applies when an acquirer along with persons acting in concert holds more than 25% but less than the maximum non-triggering limit, and the filing confirms compliance that no further shares are being acquired that would trigger an open offer. The actual document content (details of acquirer name, shareholding figure, and pledge/encumbrance details) was not provided beyond the headline.
This is largely a routine compliance filing under takeover norms. Shareholders should look for any mention of changes in promoter/encumbrance status within the attached disclosure, but the headline alone does not indicate a material change in ownership or a trigger for an open offer.