Shreyas Raisoni 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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Shreyas Raisoni, a promoter/promoter group entity of Shradha Realty Limited, has submitted a disclosure to NSE under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. This regulation requires any person (along with persons acting in concert) holding more than 25% of a company's shares to disclose their aggregate holding and confirm that no incremental acquisitions crossing the creeping acquisition limit (5% in a financial year) have been made. The filing is a routine compliance disclosure and does not, by itself, indicate any buy or sell transaction.
This is a routine regulatory disclosure with no material impact on the stock price or shareholder value. It simply confirms that the promoter group's stake remained within SEBI-mandated limits during the relevant period.