Gateway Distriparks Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
SNOWMAN · price
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Gateway Distriparks Limited, the promoter of Snowman Logistics, has submitted a mandatory annual disclosure to the exchanges under SEBI Takeover Regulations. The disclosure confirms that Gateway Distriparks holds 8,35,60,846 shares, representing 50.01% of Snowman Logistics, and declares that it has not made any further acquisition of shares during the financial year 2024-25. This is a routine year-end compliance filing required from promoters whose holding falls in the 25%-75% band, certifying that the 5% annual creeping acquisition limit has not been breached.
This is a routine regulatory disclosure with no material impact on shareholders or the stock price. It simply confirms the promoter's stake remains at 50.01% with no buying activity during the year, meaning no change in promoter holding or control.