The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aalap Natubhai Prajapati
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Mr. Aalap Natubhai Prajapati, belonging to the promoter/promoter group of Gujarat Terce Laboratories Ltd, has disclosed an acquisition of 3,71,000 equity shares (4.76% of total share capital). The shares were acquired through conversion of warrants that were originally allotted on a preferential basis on 1 July 2024. As a result, the promoter's holding increased from 9,80,827 shares (13.22%) to 13,51,827 shares (17.35%) of the company. The equity shares were allotted on 16 December 2025, though credit is pending with the exchange. Total share capital of the company increased from 74,20,300 to 77,91,300 equity shares of Rs. 10 each.
This is a promoter-level acquisition that strengthens the promoter's stake by about 4.13 percentage points, signaling continued promoter confidence in the company. Since the increase is under 5% and was done via warrant conversion rather than open market purchase, no mandatory open offer is triggered. Retail investors may view this positively as increased promoter skin-in-the-game.