Devendra Khemka For and on behalf of Akshay Poddar 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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Awaiting price reaction for this filing.
Devendra Khemka, acting on behalf of Akshay Poddar (part of the promoter/promoter group), has submitted a disclosure under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011 to the exchange. This regulation applies when a promoter holds 25% or more of voting rights in a company and is required to confirm that they have not disposed of shares during any open offer or acquisition period. The filing itself is a compliance declaration and the announcement does not specify any change in shareholding, pledge creation, or stake movement by Akshay Poddar or the promoter group.
This appears to be a routine regulatory compliance filing by the promoter group rather than a change in ownership. Investors should look for the actual disclosure document for any specific details on shareholding status; no immediate impact on stock price or shareholder structure is indicated by the headline alone.