The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S Gupta Holding Pvt Ltd & PACs
APOLLOPIPE · price
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Awaiting price reaction for this filing.
S Gupta Holding Private Limited, part of the promoter group of Apollo Pipes Limited, acquired 9,30,000 equity shares (2.11% of paid-up capital) through open market purchases. The shares were bought in two tranches — 5,25,000 shares on February 13, 2026, and 4,05,000 shares on February 23, 2026. As a result, the combined promoter group holding increased from 46.84% (2,06,30,000 shares) to 48.95% (2,15,60,000 shares) of the paid-up equity capital. Key individual holdings post-acquisition include Meenakshi Gupta at 23.40% and Sameer Gupta at 21.33%.
This is a promoter group creeping acquisition that pushes their stake closer to the 50% threshold (now at 48.95%), which could be seen as a signal of promoter confidence in the company but may also trigger concerns about reduced free float for retail shareholders.