Disclosure under Regulation 29(2) of SEBI (SAST) 2015
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Rajan Gupta, along with persons acting in concert (Saroj Gupta, Prrasaar Commodities Pvt Ltd, Bakshish Gupta, and Ansh Gupta), has reported a substantial acquisition of shares in G.K. Consultants Ltd. The group collectively held 2,72,345 shares (5.12%) before the acquisition and acquired 22,19,906 additional shares (19.62%) through a mix of open market purchases in June 2024 and a preferential allotment in February 2025. Post-acquisition, the group's total holding stands at 24,92,251 shares, representing 22.03% of the company's share capital. Importantly, the acquirer and PACs have explicitly stated they do not belong to the promoter or promoter group of the company.
A non-promoter entity has built a significant 22% stake in the company, which could lead to a potential open offer obligation if the 25% threshold is crossed in the future. Shareholders should monitor whether further acquisitions occur and whether this signals a possible change in control or activist interest in the company.