The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jausukhbhai Thathagar & kenil Thathagar
Awaiting price reaction for this filing.
Jaysukhbhai Thathagar (along with PAC Kenil Thathagar) has disclosed the acquisition of 118,000 equity shares (2.40%) of Gopal Iron & Steels Company Gujarat Limited (BSE Scrip: 531913) through a market purchase on 24 November 2025. Prior to this transaction, the acquirer and PAC together held 430,928 shares (8.76%); after the acquisition, their combined holding rises to 548,928 shares (11.16%). The acquirer has explicitly stated that he does not belong to the promoter or promoter group of the target company. The total equity share capital of the target company remains unchanged at Rs. 4,91,71,000 (49,17,100 equity shares of Rs. 10 each). Note: The filing was sourced under headline Castora Agri Commodities Ltd, but the actual target company named in the disclosure is Gopal Iron & Steels Company Gujarat Limited.
A non-promoter crossing the 10% shareholding threshold signals a creeping acquisition under SAST rules, which may attract market attention and could foreshadow further buying or an open offer trigger if the 25% level is approached.