Disclosure under SEBI Takeover Regulations

Wanbury Limited has submitted a disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This declaration was provided by Expert Chemicals (India) Private Limited, addressing the stock exchanges and Wanbury's Audit Committee. Regulation 31(4) typically involves an acquirer reaffirming their compliance with specific conditions that grant them an exemption from making an open offer, despite holding or increasing a significant stake. For investors, this indicates that Expert Chemicals is continuing to operate within the existing regulatory framework regarding its shareholding in Wanbury, without triggering new open offer requirements.