The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for T V Sandeep Kumar Reddy

Promoter Stake BuyCreeping Acquisition Near ThresholdPromoter Below 50pctOwnership Changes View source PDF

GAYAPROJ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-8.3%1-day move

₹20.00

prior close

₹19.35

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.8-0.5-0.4-0.5-8.3-12.8-14.0-10.4-6.0-5.0-14.3-11.8+13.5+2.6

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AI summary

T.V. Sandeep Kumar Reddy, Chairman & Managing Director and Promoter of Gayatri Projects Ltd, acquired 10 crore equity shares (21.54%) through preferential allotment on 22nd April 2026. Before this acquisition, he and Persons Acting in Concert (PACs) held only 73,83,985 shares (3.94%). Post-acquisition, total holding stands at 10,73,83,985 shares (23.13%). The company's diluted share capital increased from Rs. 59.24 crore (29.62 crore shares) to Rs. 92.86 crore (46.43 crore shares) due to this preferential issuance. This is a significant promoter stake increase via a bulk allotment mechanism.

Likely market impact

The acquirer's stake jumped from under 4% to over 23%, indicating strong promoter confidence in the company. This large acquisition may attract market attention and could signal potential future plans, though it remains below the 25% open offer trigger threshold.