The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shrikant Mitesh Bhangdiya & Other
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Awaiting price reaction for this filing.
Three individuals – Shrikant Mitesh Bhangdiya, Aarti Shrikant Bhangdiya, and Sonal Kirtikumar Bhangdiya – have been allotted 10,25,100 equity shares of GSL Securities Ltd (3,41,700 each) on a preferential basis on December 27, 2025. The shares have a face value of Rs. 10 each at a premium of Rs. 31.50, implying an allotment price of Rs. 41.50 per share. Before the allotment, all three held Nil shares in the company; their combined holding along with PAC entity Sobhagya Merchantile Limited now stands at 10,64,300 shares, or 24.89% of the total voting capital. The filing explicitly clarifies that the acquirers do not belong to the promoter or promoter group of the company.
A new non-promoter group has built a sizeable ~24.89% stake in GSL Securities, sitting just under the 25% open-offer trigger threshold. Shareholders should monitor whether further acquisitions push them past 25%, which would mandate a mandatory open offer. The Rs. 41.50 allotment price also serves as a near-term valuation reference point for the stock.