The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vatsankit Shah Trust
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Vatsankit Shah Trust, part of the promoter group of Global Surfaces Limited, has transferred 8,45,906 equity shares (representing 2.00% of total share capital) to Vatsankit Shah, the sole beneficiary of the Trust. The transfer was executed on March 20, 2026 via an off-market inter-se transfer among promoter group members. Post-transfer, the Trust's holding has reduced to nil, while Vatsankit Shah's individual holding has increased by an equivalent 2.00%. The total share capital of the company stands at 4,23,81,818 equity shares of Rs. 10 each. The filing explicitly clarifies that there is no change in the overall shareholding pattern of the promoter group, as this is merely a restructuring within the promoter family.
This is a routine internal restructuring within the promoter group and is neutral for shareholders. There is no change in total promoter shareholding or voting control, so it does not affect the stock price or minority shareholders' position.