The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for G S Jwala
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Awaiting price reaction for this filing.
Jumbo Bag Ltd informed BSE about a Regulation 29(2) SAST disclosure filed by G S Jwala, a member of the promoter group. The acquirer received 5,994 equity shares (approximately 0.007% of paid-up capital) through an off-market inter-se transfer by way of gift on 21 May 2025. Post-acquisition, the holding rose marginally from 23,060 shares to 29,054 shares. The company's total equity share capital remains unchanged at 8,37,37,000 shares. The mode of acquisition is a non-cash gift among promoter group entities, with no market price implications.
This is a tiny, non-cash reshuffle within the promoter family and is unlikely to have any material impact on the stock price or minority shareholders. It signals internal promoter estate consolidation rather than any directional view on the company.