The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gagan Infraenergy Ltd & PACs
SHALPAINTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.