The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prabhubhai Patel & PACs
Awaiting price reaction for this filing.
Mr. Prabhubhai Laxmanbhai Patel, along with persons acting in concert (PACs), has sold 79,200 equity shares (1.61%) of Gopal Iron & Steel Company (Gujarat) Limited in the open market on 18 November 2025. The promoter group's combined holding decreased from 9.62% (4,73,020 shares) to 8.01% (3,93,820 shares). The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations, 2011. The equity share capital of the company remains unchanged at 49,17,100 shares of Rs. 10 each, totalling Rs. 4,91,71,000. Note: The filing appears under Castora Agri Commodities Ltd on BSE, but the target company named in the disclosure is Gopal Iron & Steel Company.
This is a modest promoter offloading of about 1.61% stake in the open market, reducing the promoter holding to 8.01%. Such a sale may create mild supply-side pressure on the stock, though the quantum is small. Retail investors should watch for further promoter selling as the holding approaches the 5% creeping acquisition/disposal threshold.