The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gagan Infraenergy Ltd & PACs

Ownership Changes View source PDF Explain this filing

SHALPAINTS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.2%Reaction day

₹57.10

prior close

₹57.88

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-0.0% vs market

Paints peers, median of 8sector+0.0%-0.2% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 0.2 pts less than its Paints 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

-0.0

10m

+0.2

15m

+0.3

30m

+0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2-0.2-0.0+0.0-0.2

Next day

-0.8-0.0-0.8+1.3-2.1

-2.2-1.3-0.9-0.8-1.4

-1.9-1.1-0.8+0.3-2.2

+1.1-0.8+1.9-1.0+2.1

-3.2-1.9-1.3-0.4-2.8

-7.0-6.6-0.4-4.4-2.6

15d

-15.1-9.7-5.3-9.1-6.0

-21.9-8.2-13.7-7.8-14.1

-5.4+3.1-8.5-0.4-5.0

-13.3+5.9-19.2+4.7-18.0

UpDownMarket · Nifty Microcap 250Sector · Paints peers, median of 8Pending

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

AI summary

Gagan Infraenergy Limited, part of the promoter and promoter group of Shalimar Paints, sold 500 equity shares in the open market on February 17, 2026. This brought its holding in the company from 500 shares (0.00%) to zero. The sale was disclosed under Regulation 29(2) of SEBI's Takeover Regulations. The company's total equity share capital remains unchanged at 8,37,11,178 shares of Rs 2 each. Looking at the broader promoter group, the largest holders are Hella Infra Market Ltd (52.85%), Virtuous Tradecorp (12.62%), and JSL Ltd (3.20%), with the promoter group's collective holding well above 50% of the company.

Likely market impact

This is a negligible sale by one promoter group entity (only 500 shares, effectively 0.00% of capital) and is not material to shareholding pattern or stock price. No meaningful change in promoter control.