The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Govind Gadgil & Amit Modak

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

PNGSREVA · price

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

+4.9%Reaction day

₹363.20

prior close

₹367.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+4.5% vs market

Gems Jewellery And Watches peers, median of 28sector+1.1%+3.8% vs sector

On the reaction day the stock moved 4.5 pts more than Nifty Microcap 250 and 3.8 pts more than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.1

15m

-0.2

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.9+0.4+4.5+1.1+3.8

Next day

+12.9+1.0+11.8+2.0+10.9

+12.9+2.2+10.7+2.3+10.6

+12.1+2.2+9.8+3.8+8.2

+11.0+3.9+7.1+4.8+6.2

+8.1+4.6+3.5+4.7+3.4

+5.6+3.9+1.7+3.6+2.0

15d

+4.6+3.4+1.3+0.8+3.8

+10.4+10.3+0.1+6.3+4.1

+11.6+10.8+0.8+13.7-2.2

+55.6+14.9+40.7+15.1+40.4

UpDownMarket · Nifty Microcap 250Sector · Gems Jewellery And Watches peers, median of 28Pending

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

AI summary

Two insiders of PNGS Reva Diamond Jewellery disclosed open market share purchases on May 18, 2026 under SEBI SAST regulations. Promoter Govind Vishwanath Gadgil bought 1,60,000 shares (0.50%), raising his holding from 22.83% to 23.33%. Whole Time Director & CEO Amit Yeshwant Modak (non-promoter) bought 7,000 shares (0.02%), increasing his stake from 2.03% to 2.05%. The total share capital of the company is ~31.70 crore shares (Rs. 10 face value). Both acquisitions were from the open market on the same date. No encumbrances (pledge/lien) were reported by either acquirer.

Likely market impact

Gadgil's acquisition is a modest promoter stake increase (~0.5%) and signals confidence, but is below the 1% threshold that triggers an additional SAST disclosure. Modak's purchase is negligible. Neither filing suggests any takeover intent.