The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjaybhai Jayantilal Patel
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Mr. Sanjaybhai Jayantilal Patel, a member of the promoter group of Galaxy Agrico Exports Ltd, acquired 38,750 equity shares (1.42%) on 9 May 2025 through transmission. His stake in the company rose from 1,11,250 shares (4.07%) to 1,50,000 shares (5.49%). The disclosure was filed under Regulation 29(2) of SAST Regulations, 2011, which governs acquisitions and disposals by promoters. The total equity share capital of the company stands at 27,31,620 shares of Rs. 10 each. This is essentially a creeping acquisition by the promoter, crossing the 5% ownership threshold.
The promoter's stake has crossed the 5% mark, signalling continued promoter commitment to the company. For retail investors, this is a mildly positive signal as it indicates the promoter is increasing (not reducing) his economic interest in the business via share transmission, rather than a fresh market purchase that would carry a stronger conviction signal.