The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gurmukh Singh Thakral & PAcs
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Awaiting price reaction for this filing.
Promoter Gurmukh Singh Thakral acquired 88,89,000 equity shares (11.04% of voting rights) from fellow promoter group entity TIL Investments Private Limited on January 29, 2026, through an off-market inter-se transfer. As a result, his individual holding in the company rose from 1.80% (14,50,000 shares) to 12.84% (1,03,39,000 shares), while TIL Investments' stake dropped from 11.04% to nil. The total promoter group holding remains unchanged at 74.32% of the company's equity share capital, indicating this is a reshuffling within the promoter group rather than a fresh acquisition from the market.
This is an internal restructuring within the promoter family/group and does not change overall promoter control or the free float of the stock, so there is likely no material impact on shareholders or the share price.