The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankit Vij
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Mr. Ankit Vij, a member of the Promoter Group of Gagan Gases Ltd, sold 11,265 equity shares (0.25% of paid-up capital) in an open market transaction. Following the sale, his holding reduced significantly from 16,845 shares (~0.37%) to just 5,610 shares (0.12%) of the company's total equity share capital of 4,518,500 shares of Rs. 10 each. The disclosure was filed on April 6, 2026, pursuant to SEBI SAST Regulations, 2011.
This represents a further reduction in promoter holding, with the promoter group now holding a very small stake of just 0.12%. The open market sale may indicate lack of confidence or portfolio rebalancing by the seller, which could be viewed negatively by investors.