The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudhir Jayantilal Patel
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Mr. Sudhir Jayantilal Patel, belonging to the promoter group of Galaxy Agrico Exports Ltd, has acquired 50,000 equity shares through off-market transmission following the death of promoter Kantaben Jayantilal Patel. The transaction took place on 09 May 2025 and was not a market purchase or sale. His holding in the company rose from 10,500 shares (2.21%) to 1,10,500 shares (4.05%) of the total equity capital, which stands at 27,31,620 shares of Rs. 10 each. The filing was made to BSE under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a passive transmission of shares within the promoter family due to a death, not an active market transaction. It does not change the overall promoter group ownership materially beyond an internal reshuffle, so there is no direct impact on share price or control of the company.