The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumeet Harlalka
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Sumeet Harlalka, a member of the promoter group, has disclosed receiving 192,294 equity shares of Gretex Corporate Services Ltd through a bonus issue allotted on 11-04-2025. This is a passive allotment (not a market purchase), so his percentage holding remained unchanged at 1.79%, even though absolute shares went up from 213,660 to 405,954. The bonus issue itself expanded the company's total equity share capital from about 1.19 crore shares to roughly 2.26 crore shares. The full promoter and promoter group collectively hold 1,44,92,848 shares, which works out to 64.02% of the company post-allotment.
No real impact for retail shareholders — this is just a paper adjustment from a bonus issue. Promoter percentage ownership is unchanged and there is no buying or selling in the market, so the share price should not be affected by this disclosure.