The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushma Chhajer & PACs
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.2 pts more than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sushma Chhajer (promoter) acquired 14,03,000 shares (28.70% stake) of Gujarat Craft Industries through transmission from Late Ashok Kumar Chhajer, who held the same number of shares before the transfer. After the transaction, Sushma Chhajer's individual holding rose from 10.63% to 39.33%, while the late promoter's holding went to NIL. The mode of acquisition is listed as 'Transmission of Shares,' and the date of acquisition is 25th August 2025. The total promoter and PAC group holding remains unchanged at 73.83% (36,08,990 shares), confirming this is an internal family reallocation rather than a change in promoter control. No encumbrances (pledges) were created or invoked as part of this transaction.
There is no change in overall promoter control or voting power, so existing shareholders are not materially affected. The stock is unlikely to see any price movement from this filing since it reflects only a redistribution of shares within the promoter family due to inheritance.