The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yash Bhuva
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Yash Bhupatbhai Bhuva, part of the promoter group of Sheetal Cool Products Ltd, disclosed an acquisition of 3,16,500 equity shares (3.01% of total capital) under SEBI Takeover Regulations. The shares were received as a gift without any consideration on June 2, 2026, from a person acting in concert within the promoter family. His holding rose from 1,54,559 shares (1.47%) to 4,71,059 shares (4.49%) of the company. The acquirer along with 10 PACs (all family members from the Bhuva promoter group) is now collectively close to the 5% disclosure threshold.
This is a non-cash, intra-family transfer within the promoter group, so it has no direct impact on share price or float. However, it consolidates promoter family's stake and brings Yash Bhuva closer to the 5% regulatory threshold, meaning future changes will attract more disclosure obligations.