The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pioneer Jellice India Pvt Ltd & Other

Promoter bought stakeOwnership Changes View source PDF Explain this filing

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

+1.2%Reaction day

₹369.70

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+3.2%-2.1% vs market

Specialty Chemicals peers, median of 82sector+2.5%-1.4% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.4 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+1.2+3.2-2.1+2.5-1.4

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+2.5+4.1-1.6+3.9-1.4

+4.1+4.9-0.7+3.4+0.7

+7.6+6.4+1.2+5.7+1.9

+4.9+7.3-2.4+6.4-1.5

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-4.5+1.6-6.1+0.4-4.9

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-0.2+17.0-17.1+15.1-15.3

-0.6+20.2-20.7+16.0-16.5

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 82Pending

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AI summary

Pioneer Jellice India Pvt Ltd and Ashok Matches and Timber Industries Pvt Ltd, acting in concert as part of the promoter group, disclosed an acquisition of 5,36,597 equity shares (7.56%) of India Gelatine & Chemicals Ltd. The shares were acquired by Ashok Matches and Timber Industries pursuant to an Open Offer under SEBI (SAST) Regulations, 2011. Ashok Matches' stake rose from 19.71% to 27.27%, while Pioneer Jellice India's holding remained unchanged at 19.71%. The combined promoter group holding has increased from 39.42% to 46.98% of the company's voting share capital, on a base of 70,92,300 equity shares. The acquisition date was April 9, 2025.

Likely market impact

Promoter group control has strengthened significantly, with combined holding approaching the 50% mark. This signals promoter confidence in the company but may attract attention as they near the threshold that could trigger further open offer obligations.