The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tirth Gems
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Tirth Gems, a non-promoter entity, acquired 8,10,000 shares (6.23%) of Goenka Business & Finance Ltd through an open market transfer on March 2, 2026. Prior to this acquisition, Tirth Gems held 1,61,008 shares (1.24%) of the company. After the acquisition, its total holding stands at 9,71,008 shares, representing 7.47% of the company's issued share capital. The disclosure has been filed under Regulation 29(1) and 29(2) of SEBI's Takeover Regulations, 2011, which is triggered when an acquirer's shareholding crosses the 5% threshold. Tirth Gems is explicitly not part of the promoter or promoter group of Goenka Business & Finance.
This is a significant stake acquisition by an external (non-promoter) entity, pushing its holding well past the 5% disclosure threshold. Investors should monitor whether this signals potential strategic interest in the company, and watch for further disclosures as Tirth Gems approaches the 10% mark, which would trigger additional regulatory requirements.