The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hireni Ishan Patel & PACs
Awaiting price reaction for this filing.
Mrs. Hireni Ishan Patel, along with persons acting in concert (PACs), has disclosed a sale of 6,800 equity shares in Gopal Iron & Steels Company (Gujarat) Limited through the open market on 17 November 2025. The promoter group's combined holding fell marginally from 503,387 shares (10.23%) to 496,587 shares (10.09%) of the total equity share capital. The equity share capital of the company remains unchanged at ₹4,91,71,000 divided into 49,17,100 shares of ₹10 each. This is a routine Regulation 29(2) filing triggered because the acquirer is part of the promoter/promoter group.
The transaction is minor — only 6,800 shares (0.14% of equity) sold for ₹10 face value, so there is negligible impact on share price or shareholder value. The promoter group's holding remains just above the 10% threshold, so continued selling could push them below 10% and trigger further disclosures.