Chetan Sureshchandra Shah 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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Chetan Sureshchandra Shah, a promoter/key shareholder of Solex Energy Limited, has submitted a disclosure to the stock exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires persons who have already disclosed their shareholding (under Reg 30) to report any subsequent change in their holding or voting rights. The filing signals some change in his shareholding in Solex Energy, but the announcement itself does not specify the direction (buy or sell) or the exact percentage of change.
This is a routine compliance filing, not a new transaction. Shareholders should check the detailed disclosure (the actual Reg 31(4) form) to understand whether the promoter increased, decreased, or pledged/unpledged shares, as that would determine the real implication for the stock.