The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rushil Sudhir Patel
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Rushil Sudhir Patel, a member of the promoter group, acquired 50,000 equity shares of Galaxy Agrico Exports Ltd, representing 1.83% of voting capital. The shares were received through off-market transmission following the death of promoter Kantaben Jayantilal Patel on 09-05-2025. His holding moved from zero to 50,000 shares (1.83%). The total equity share capital of the company remains unchanged at 27,31,620 shares of Rs. 10 each. This is a passive, non-market transfer of shares within the promoter family and does not involve any fresh purchase or sale on the exchange.
No impact on stock price or company fundamentals. This is an internal family transmission of shares due to inheritance, with promoter-group holdings merely shifting between members rather than changing in aggregate. Retail investors should note this is not a signal of promoter buying or selling at market price.