Yug Decor Ltd files SEBI SAST Reg 29(2) disclosure for share acquisition by Santosh Kumar Ramjilal Saraswat
On 30 June 2026 the company disclosed that Santosh Kumar Ramjilal Saraswat submitted a Regulation 29(2) notice under SEBI’s Substantial Acquisition of Shares & Takeovers rules.
What Yug Decor Ltd announced
Yug Decor Ltd (BSE: 540550) disclosed on 30 June 2026 that a shareholder, Santosh Kumar Ramjilal Saraswat, has filed a notice under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing was made through the BSE’s electronic portal and is publicly available as a PDF attachment.
The notice signals that the acquirer believes the transaction may have triggered the reporting thresholds prescribed under the SAST regulations, prompting a mandatory disclosure to the stock exchange.
Regulation 29(2) – purpose and requirements
Regulation 29(2) obliges any person who acquires shares that could result in a change of control, or who crosses the 5 % shareholding threshold, to inform the exchange within a stipulated time‑frame. The purpose is to ensure transparency for all market participants and to enable SEBI to monitor potential takeover scenarios.
In this case, the filing confirms that Santosh Kumar Ramjilal Saraswat has taken steps to comply with the regulation, but the notice does not reveal the exact number of shares acquired, the percentage of the total equity, or the consideration paid.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Yug Decor Ltd |
| BSE ticker | 540550 |
| Filing date | 30 June 2026 |
| Regulation invoked | SEBI (SAST) Reg. 29(2) |
| Acquirer | Santosh Kumar Ramjilal Saraswat |
| Share count / % disclosed | Not disclosed in the filing |
| Source document | BSE filing PDF (link in original announcement) |
Why this matters for investors
The filing alerts investors that a potentially significant shareholder has entered the shareholding structure of Yug Decor Ltd. While the exact size of the stake is not disclosed, any acquisition that triggers Reg 29(2) could affect voting dynamics, board composition, or future strategic decisions. Investors should monitor subsequent disclosures, as SEBI may require the acquirer to file a Regulation 29(3) notice if the holding crosses the 5 % threshold, which would provide the missing quantitative details.
Conclusion
Yug Decor Ltd’s Reg 29(2) disclosure on 30 June 2026 confirms that Santosh Kumar Ramjilal Saraswat has complied with SEBI’s reporting obligations after acquiring shares. The filing does not specify the size of the holding, and further regulatory filings may be required to reveal the exact percentage. Investors should stay tuned for any follow‑up notices that could shed more light on the shareholder’s influence.
The notice is a compliance requirement under SEBI’s SAST framework and does not itself imply any change in control.
Frequently asked questions
Source filing: view original