Disclosure under SEBI Takeover Regulations

NAVA LIMITED announced the submission of a disclosure by D.Ashok, a promoter, to the Exchange. This disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This specific regulation typically requires promoters to report details of any encumbered (e.g., pledged) shares they hold in the company. While the announcement content does not include specific financial figures or the number of shares involved, it signals a change in the promoter's shareholding status. Investors should note this disclosure as it relates to promoter activity and potential financial arrangements.