The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for P N Gadgil & Sons Ltd, Amit Yeshwant Modak and PACs
PNGSREVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
P.N. Gadgil & Sons Limited, a promoter of the company, bought 1,60,000 equity shares (0.50% of total capital) from the open market on June 5, 2026, raising its holding from 13.27% (42,07,500 shares) to 13.77% (43,67,500 shares). In a separate disclosure, Amit Yeshwant Modak, Whole Time Director & CEO (not part of the promoter group), bought 2,000 shares (0.006%) on the same day, lifting his stake from 2.05% to 2.056%. Both transactions were open market purchases reported to BSE and NSE as required by SEBI takeover regulations. Total equity capital of the company stands at ₹31.69 crore divided into 3,16,98,400 shares of ₹10 each.
Both insider buyers increased their stakes, which is generally seen as a confidence signal. The promoter buy is modest in size (0.50%) and still leaves the promoter well below the 50% majority mark at 13.77%; no immediate price impact is expected from such small open-market purchases.