The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rohan Gupta
SGMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Rohan Gupta, along with Person Acting in Concert (PAC) Mrs. Neera Gupta, has acquired 35,00,000 equity shares of SG Mart Limited from the open market on September 4, 2025. This is a disclosure under Regulation 29(2) of SEBI Takeover Regulations, which is triggered when a non-promoter acquirer crosses every 5% shareholding threshold in the 5%-25% creeping acquisition range. Rohan Gupta's individual holding rose from 6.06% (76.40 lakh shares) to 8.84% (1.11 crore shares). Combined with PAC Neera Gupta's unchanged 8.86% stake, the group's total holding increased from 14.92% to 17.70% of the company's equity capital. The acquirer has explicitly confirmed that he does not belong to the promoter or promoter group.
This is a non-promoter steadily building a stake in the company through open market purchases, which could be a sign of growing external investor confidence in SG Mart. With combined holdings at 17.70%, the acquirer-PAC group still has room before hitting the 25% mandatory open offer trigger, but retail shareholders should watch for further accumulation that could eventually require a formal takeover bid.