The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjeev Lunkad & PACs

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+9.3%Reaction day

₹8.75

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.2%+8.1% vs market

Paper & Paper Products peers, median of 37sector+0.6%+8.7% vs sector

On the reaction day the stock moved 8.1 pts more than Nifty Microcap 250 and 8.7 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+9.3+1.2+8.1+0.6+8.7

Next day

-3.0+2.4-5.3+1.3-4.2

+2.9+1.8+1.1-0.1+3.0

+1.7+2.9-1.2+0.4+1.3

+1.7+4.2-2.5+1.2+0.5

+1.7+4.0-2.3+1.5+0.2

+3.0+5.0-2.0+0.4+2.6

15d

-0.5+9.2-9.6+2.5-2.9

-7.4+3.5-10.9-4.3-3.1

-18.7+11.5-30.2-6.3-12.4

—+15.2—-9.3—

UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.