The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Baldevbhai Patel & PACs
Awaiting price reaction for this filing.
Mr. Baldevbhai Gopalbhai Patel, part of the promoter group, together with persons acting in concert (PACs), sold 2,467 shares (0.05% of voting capital) of Gopal Iron & Steels Company (Gujarat) Limited in the open market on November 17, 2025. His combined holding has come down from 496,587 shares (10.09%) to 494,120 shares (10.04%) of the company's paid-up equity capital. The disclosure was filed under SEBI's SAST Regulations, 2011 on November 18, 2025. The total equity share capital of the company is 49,17,100 shares of Rs. 10 each, amounting to Rs. 4.92 crore. The size of the transaction is very small and the promoter group continues to hold above the 10% mark.
This is a minor trim by a promoter and is unlikely to materially affect the share price or promoter control. Investors may note that the promoter holding is now just barely above 10% — further sales could take it below this threshold, which would invite additional disclosure obligations.