The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 01, 2026 for Hiren Chandrakant Ghelani
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Promoter Hiren Chandrakant Ghelani has disclosed the release of 700 equity shares (0.005% of total capital) that were previously pledged. The release was executed on 1 April 2026 and reported to the exchange on 1 May 2026. Following the release, Hiren Ghelani's direct holding stands at 4,159,084 shares representing 30.22% of the company's total capital, all now unencumbered. The release was in favour of Motilal Oswal Financial Services Limited. The Ghelani family collectively holds a significant portion of the company, with multiple related entities and family members also listed as shareholders.
The release of 700 pledged shares is a minor positive signal — it marginally reduces promoter encumbrance, but the quantum is negligible at just 0.005% of capital and does not materially change the promoter holding or risk profile.