The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaysukhbhai Thathagar
Awaiting price reaction for this filing.
Jaysukhbhai Thathagar, along with person acting in concert (PAC) Kenil Thathagar, has disclosed the acquisition of 4,30,928 equity shares (8.76%) in Gopal Iron & Steels Company Gujarat Limited through open market purchases. The acquirer held 0% before the acquisition and is not part of the promoter/promoter group. Shares were bought on 20 November 2025 (2,30,928 shares) and 21 November 2025 (2,00,000 shares). Post-acquisition, the acquirer's total holding stands at 8.76% of the company's paid-up equity capital of Rs. 4.91 crore (49,17,100 shares of Rs. 10 each). The disclosure has been filed under Regulation 29(1) of the SEBI Takeover Regulations, 2011.
A non-promoter entity has quietly built an 8.76% stake via market purchases and is now just 1.24% away from the 10% threshold, beyond which a mandatory open offer to all shareholders would be triggered. Retail investors should watch for further buying activity from this acquirer, which could lead to an open offer or signal potential changes at the company.