The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Payal Agarwal
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Awaiting price reaction for this filing.
Payal Agarwal, part of the Promoter/Promoter Group of Gee Limited, acquired 62,10,000 equity shares representing 23.90% of the company's total equity through an inter-se transfer among promoters via off-market transaction on May 27, 2025. Her stake rose sharply from 2,67,443 shares (1.03%) to 64,77,443 shares (24.92%). The transfer was executed under Consent Terms dated April 19, 2025 and an amendment dated May 19, 2025. Since the shares moved between members of the promoter group, the total promoter holding of Gee Limited remains unchanged — only the distribution within the promoter family has shifted.
This is an internal reshuffling within the promoter family and does not change the overall promoter ownership in Gee Limited. Public shareholders are not affected — no open offer is triggered because inter-se promoter transfers qualify for exemption under SEBI takeover rules. The stock is unlikely to see any significant price movement from this filing alone.