Gem Aromatics Limited has informed the Exchange regarding 'Disclosure received under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
GEMAROMA · price
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Mr. Yash Parekh, part of the promoter/promoter group of Gem Aromatics Limited, has acquired 125,000 equity shares (0.24% of total share capital) through open market purchases on March 24, 2026. This is a Regulation 29(2) disclosure under SEBI's substantial acquisition and takeover rules. After the acquisition, his total holding stands at 46,59,397 shares, representing 8.92% of the company's equity share capital, up from 8.68% earlier. The total equity share capital of the company remains unchanged at 5,22,37,138 shares of Rs. 2 each. The mode of acquisition was the open market route.
This signals continued promoter confidence in the company, with the promoter group gradually increasing its stake. The acquirer's holding is approaching the 10% disclosure threshold, so any further buying may attract more regulatory attention and could be seen as a positive vote of confidence by retail investors.