Sameer Gupta has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SGMART · price
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Mr. Sameer Gupta, father of existing promoter Mr. Dhruv Gupta and husband of promoter Mrs. Meenakshi Gupta, proposes to acquire 4,42,00,000 equity shares (35.08% of paid-up capital) of SG Mart Limited by way of a gift from his immediate relatives. This includes 3,28,00,000 shares (26.03%) from Mr. Dhruv Gupta and 1,14,00,000 shares (9.05%) from Mrs. Meenakshi Gupta. The transaction is priced at NIL as it is an off-market inter-se transfer between immediate relatives, exempt from open offer under Regulation 10(1)(a)(i). Post-transaction, Mr. Sameer Gupta, who currently holds zero shares, will be classified as a Promoter of the company with 35.08% stake, while Mr. Dhruv Gupta's holding will drop to 1.19% and Mrs. Meenakshi Gupta will exit entirely. The proposed date of transaction is on or after November 11, 2025.
This is a private family restructuring with no change in total promoter group shareholding and no cash involved, making it largely neutral for the stock. However, it consolidates promoter control under Mr. Sameer Gupta and changes the promoter composition, which shareholders should note for future disclosures and corporate governance purposes.