The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Agarwal
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Awaiting price reaction for this filing.
GEE Ltd (BSE: 504028) disclosed an inter-se transfer of 1,20,13,110 equity shares (46.22% of total capital) among members of the promoter/promoter group, executed off-market on May 26, 27 and 28, 2025. Acquirers — Umesh Agarwal, Payal Agarwal, Om Prakash Agarwal and Jyoti Agarwal — collectively increased their holding from 17.07% to 63.30% of the company. Correspondingly, the sellers (Vidyawati Agarwal, Shankar Lal Agarwal, Nirmala Agarwal, Puja Agarwal, Nikhil Agarwal, Anant Agarwal, Sanwarmal Agarwal, Sneha Agarwal and Vidya Finvest Ltd) shed an aggregate 46.22% stake. The total share capital remains unchanged at Rs 5.19 crore divided into 2,59,88,466 equity shares of Rs 2 each.
This is purely an internal family reshuffle within the promoter group — overall promoter holding stays steady at around 63.97%, so there is no change in promoter control and no open offer is triggered. Shareholders should see no material impact on the stock, though individual promoter members now hold very different slices of the company.