The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chhaya Gaurang Shah
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Chhaya Gaurang Shah, a non-promoter shareholder of Galaxy Agrico Exports Ltd, acquired 3,39,600 shares (1.94% of equity) through open market purchases on 27 March 2026. This raised her total holding from 17,76,528 shares (10.16%) to 21,16,128 shares (12.10%) of the company. The disclosure was filed under SEBI's takeover regulations, which require shareholders holding more than 10% to report every 2% change in their stake. The company's total equity share capital stands at 1,74,92,626 shares of Rs. 10 each. The acquirer has confirmed she does not belong to the promoter or promoter group.
A non-promoter steadily increasing her stake above 12% suggests accumulation by a confident investor, but also flags a creeping acquisition pattern that shareholders should track, especially if holdings move closer to the 15% or 25% regulatory trigger points that could attract open offer obligations.