The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaganbase Vincom Pvt Ltd
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Gaganbase Vincom Private Limited has disclosed an acquisition of 6,94,200 equity shares in Balgopal Commercial Ltd under SEBI Takeover Regulations. The mode of acquisition is 'Invocation of Pledge', meaning the acquirer invoked an existing pledge and took ownership of these shares. Following this, Gaganbase Vincom's holding in Balgopal Commercial has increased from 6,07,367 shares (3.19%) to 13,01,567 shares (6.84% of total share capital and 5.53% of diluted capital). The date of acquisition was December 4, 2025, and no cash transaction is indicated as shares were received through pledge enforcement.
Shareholders should note that the increase in stake was not from a market purchase but from enforcement of a pledge, which may indicate financial stress on the original pledgor. The acquirer's stake has crossed the 5% creeping acquisition threshold, which could attract further regulatory scrutiny or signal a potential shift in control dynamics.