Disclosure Under Regulation 29(2) of SEBI (LODR) Regulations, 2011 and Under Regulation 7(2) of Prohibition of Insider Trading Regulations, 2015 Pursuant to Shares Acquired on account of ....
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Promoter M/s. Westpac Investments Limited acquired 8,50,000 equity shares of Getalong Enterprise Ltd through a preferential allotment at Rs. 25 per share, valued at around Rs. 2.125 crore. This raised the promoter's stake from 35.10% (70,20,000 shares) to 37.19% (78,70,000 shares), an increase of about 4.02%. The shares were allotted on 5 April 2025, and the intimation to the stock exchange was made on 18 June 2025 after receiving trading approval. The disclosures were filed under SEBI's Takeover Regulations (Regulation 29(2)) and Insider Trading Regulations (Regulation 7(2)). The total share capital of the company increased from 2 crore shares to 2.116 crore shares as a result of this allotment.
This is a signal of promoter confidence as the promoter is putting more money into the company at Rs. 25 per share, which sets a reference price. However, promoter holding remains below 50% at 37.19%, meaning the company is not promoter-controlled by majority stake. Shareholders should note the Rs. 25 issue price as it may act as a near-term floor for the stock.