Gem Aromatics Limited has informed the Exchange regarding 'Disclosure received under Regulation 29(2) of SEBI (Substantial Acquisition of Shares andTakeovers) Regulations, 2011.'.
GEMAROMA · price
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Awaiting price reaction for this filing.
Gem Aromatics Limited informed the exchanges about a disclosure received from promoter Mr. Vipul Nathalal Parekh under Regulation 29(2) of SEBI Takeover Regulations. The promoter acquired 3,00,000 equity shares (0.57% of the total share capital) through open market purchases on March 4, 2026. Following this acquisition, his individual holding increased from 17.64% (92,16,748 shares) to 18.21% (95,16,748 shares) of the company. The total equity share capital of the company remains Rs. 10.44 crore divided into 5,22,37,138 shares of Rs. 2 each.
This is a modest open-market purchase by a promoter, signalling continued confidence in the company. The small size of the acquisition (0.57%) means limited direct impact on share price, but it is a mildly positive sentiment indicator as insiders are buying.