The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kirit Vishanji Gala
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Kirit Vishanji Gala, on behalf of the promoter and promoter group of Gala Precision Engineering Limited, disclosed an open market purchase of 11,100 equity shares on June 4, 2025. Of these, Kirit V Gala bought 3,100 shares and Taramati V Gala bought 8,000 shares. The promoter group's total holding rose marginally from 55.25% (70,25,494 shares) to 55.34% (70,36,594 shares) of the company's equity share capital. The acquisition was carried out on both BSE and NSE, and the company's total share capital remains unchanged at 1,27,15,425 shares.
This is a small, incremental open market purchase by the promoter group, signalling continued insider confidence in the company. The marginal rise in promoter holding from 55.25% to 55.34% is unlikely to materially affect the stock price but indicates promoter conviction.