The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs. Naynaben Ashvinbhai Shah
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Mrs. Naynaben Ashvinbhai Shah has filed a disclosure under SEBI Regulation 29(2) regarding acquisition of 1,22,750 equity shares (4.49%) of Galaxy Agrico Exports Ltd through off-market transmission of shares following the death of promoter Ashvin Harsukhlal Shah. Her holding has increased from 74,750 shares (2.74%) to 1,97,500 shares (7.23%) of the company. The total equity capital of the company is 17,31,620 shares of Rs. 10 each. The transaction date is 27 May 2025. This is a family-level transfer within the promoter group and not a market purchase or sale.
The promoter family's combined stake has risen to 7.23%, but since this is a transmission due to promoter death rather than a market acquisition, there is no change in the overall promoter group ownership and minimal price impact is expected. Shareholders should note the change in individual shareholding within the promoter family.