The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harshaben Baldevbhai Patel & PACs
Awaiting price reaction for this filing.
Mrs. Harshaben Baldevbhai Patel, part of the promoter/promoter group of Gopal Iron & Steels Company (Gujarat) Limited (BSE Scrip: 531913), sold 7,177 equity shares in the open market on 17 November 2025. The sale reduced the promoter group's shareholding from 510,564 shares (10.38%) to 503,387 shares (10.23%) of the company's paid-up equity capital. The company's total equity share capital remains unchanged at 49,17,100 shares of Rs. 10 each (Rs. 4.91 crore). The disclosure was filed under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a small promoter offload of just 0.15% stake via open market, well below the 1% threshold that would typically trigger material market concern. Shareholding remains above 10%, indicating continued promoter interest; impact on share price is likely negligible.