The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shardaben Govindbhai Patel
Awaiting price reaction for this filing.
Mrs. Shardaben Govindbhai Patel, a promoter of Gopal Iron & Steels Company (Gujarat) Limited (Scrip Code: 531913), sold 100,850 equity shares (about 2.05% of paid-up capital) in the open market on November 20, 2025. Her combined holding with persons acting in concert (PACs) fell from 393,820 shares (8.01%) to 292,970 shares (5.96%). The company has a total equity share capital of Rs. 4,91,71,000 divided into 49,17,100 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A promoter selling shares in the open market is generally viewed as a cautious signal by retail investors, as it indicates the insider is reducing exposure to the stock. The promoter group's stake has meaningfully dropped from 8.01% to 5.96%, which could weigh on short-term sentiment.