The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raj Kumar Agrawal
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Raj Kumar Agrawal, a promoter of Gautam Exim Limited, acquired 10,87,569 equity shares (35.30% of paid-up capital) through an off-market transaction on May 27, 2025. His total holding in the company jumped from 1.43% (44,100 shares) to 36.73% (11,31,669 shares). The shares were acquired at Rs. 10 each, and the company is listed on the BSE-SME platform with a total paid-up capital of Rs. 3.08 crore. This acquisition crosses the 25% threshold under SEBI Takeover Regulations, which typically triggers an open offer requirement for public shareholders.
This significant promoter buying signals strong insider confidence in the company. However, since the acquisition crosses the 25% threshold, the promoter may need to make an open offer to public shareholders for an additional 26% stake, which could dilute his effective acquisition cost and create short-term price volatility.