Master Trust Ltd files SEBI SAST disclosure for Rajinder Kumar Singhania

What Master Trust Ltd announced

Master Trust Ltd (BSE: 511768) filed a disclosure with the Bombay Stock Exchange on 30 June 2026 under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing pertains to Rajinder Kumar Singhania and indicates that he has acquired a substantial shareholding in the company.

"The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 on June 30, 2026 for Rajinder Kumar Singhania."

The announcement does not provide further quantitative details such as the number of shares acquired, the percentage of the total share capital, or the consideration paid.

Regulation 31(1) & 31(2) – what it means

Regulation 31(1) requires any person who acquires 10 % or more of the voting rights of a listed entity to disclose the acquisition to the stock exchange within two working days. Regulation 31(2) mandates that the acquirer also file a detailed statement of the transaction, including the source of funds and any agreements entered into.

In this case, the filing confirms that the statutory requirement has been met, but the accompanying statement (often filed separately) has not been made public in the excerpt provided.

Key facts at a glance

Why this matters for investors

The disclosure signals that a prominent investor, Rajinder Kumar Singhania, has taken a material stake in Master Trust Ltd. Under SEBI rules, any acquisition of 10 % or more triggers mandatory reporting to ensure market transparency. While the exact size of the holding is not disclosed, the filing itself may prompt shareholders to seek the detailed statement, which could reveal the strategic intent behind the acquisition—whether it is a passive investment, a move towards board representation, or a step towards a possible takeover.

For investors, the key considerations are:

• Potential dilution or voting influence: A substantial holder can affect shareholder voting outcomes.
• Future disclosures: The detailed statement, when released, may contain information on funding sources and any agreements that could impact corporate governance.
• Regulatory compliance: The filing confirms that the company is adhering to SEBI’s disclosure norms, which is a positive governance indicator.

Conclusion

Master Trust Ltd has complied with SEBI’s SAST regulations by filing a disclosure on 30 June 2026 that Rajinder Kumar Singhania has acquired a substantial shareholding. The filing does not reveal the size or value of the stake, and further details are expected in a separate statement. Investors should monitor subsequent disclosures for a clearer picture of the acquirer's intentions and any possible impact on the company’s shareholding structure.