The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Agarwal & Others
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GEE Limited's promoters undertook a major inter-se transfer of 1,20,13,110 equity shares (46.22% of paid-up capital) between May 26-28, 2025, at Rs. 120 per share. Four promoter acquirers (Umesh Agarwal, Payal Agarwal, Om Prakash Agarwal, and Jyoti Agarwal) bought shares from nine promoter sellers including Vidya Finvest Limited, Sanwarmal Agarwal, Shankar Lal Agarwal, and others. The largest beneficiaries were Payal Agarwal (rising to 24.92% from 1.03%) and Jyoti Agarwal (rising to 22.16% from 5.82%). The transaction was carried out under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011, which exempts such transfers among promoter group members from the open offer requirement.
This is a pure reshuffle within the promoter family — the aggregate promoter group holding remains unchanged at 63.97%, so there is no dilution or consolidation at the promoter level. Share price impact should be neutral, but the heavy concentration of voting power among just two individuals (Payal and Jyoti Agarwal together holding ~47%) could be material for future corporate decisions.