The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjeev Lunkad & PACs
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Sanjeev Lunkad and his Persons Acting in Concert (PACs) — Snehal Lunkad, Riddhi Lunkad, Rushankssi Lunkad, and Snehjee Ventures Pvt Ltd — have disclosed acquisition of 437,745 equity shares representing 9.01% of total capital of Gujarat Winding Systems Ltd. The acquisition of 736 shares (0.02%) was made through open market purchase on April 9, 2026, which pushed their total holding above the 9% threshold. Prior to this acquisition, they held 437,009 shares (8.99%). The acquirer has confirmed he does not belong to the Promoter/Promoter group of the target company. No pledges or encumbrances exist on these shares.
The acquirer is a non-promoter investor who has crossed the 9% substantial acquisition threshold, approaching the 10% level that triggers further disclosure obligations under SAST regulations. This could signal potential accumulation intent, though the small acquisition size (736 shares) suggests cautious buying.