The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Servesh Gupta
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Servesh Gupta, a promoter of USG Tech Solutions Ltd, has disclosed the acquisition of 16,76,476 equity shares (4.25% stake) received by way of transmission following the death of his father, Mr. Satish Kumar Gupta, with the transaction dated May 11, 2025. After this transmission, his individual shareholding in the company has increased from 8,97,365 shares (2.28%) to 25,73,841 shares (6.53%) of the total paid-up equity share capital. The shares carry a face value of Rs. 10 each, and the company's total paid-up equity capital is Rs. 39,41,42,100. This is a personal inheritance event and not an open-market purchase, with the disclosure filed under Regulation 29(1) of the SEBI Takeover Regulations.
This is a non-market transmission of shares between family members and does not change the total promoter group holding in the company. It is unlikely to have any material impact on the stock price, as no new shares are issued and no cash transaction occurs in the market.