Global Surfaces Limited has informed the Exchange about Disclosure under Regulation 10(7) Of SEBI SAST Regulations, 2011 received from Vatsankit Shah for Inter-Se Transfer Of Equity Shares Among The Promoter Group
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Vatsankit Shah, a member of the Promoter Group, acquired 8,45,906 equity shares (2.00% of paid-up capital) from M/s Vatsankit Shah Trust on March 20, 2026. This was an off-market transfer as part of the trust dissolution process - the trust was originally set up for Vatsankit Shah's benefit during his minority, and upon attaining majority, the trust assets including these shares were distributed to him as sole beneficiary. No consideration was paid since this was a distribution of trust assets. Both the transferor (trust) and transferee (Vatsankit Shah) belong to the Promoter Group, making this exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The aggregate Promoter and Promoter Group holding in the company remained unchanged at 73.25% before and after the transaction.
This is an internal restructuring within the Promoter Group with no impact on the company's ownership structure or shareholder value. The total promoter holding remains at 73.25%, so there is no change in control or dilution for public shareholders. No open offer trigger or additional disclosures required for public shareholders.