Acquirer Increases Stake in Gokul Refoils & Solvent as Shares are Purchased through Open Market
Bhikhiben Balvantsinh Rajput, along with a group of associated parties acting in concert (PAC), has acquired an additional stake in Gokul Refoils & Solvent Limited (Gokul) through the open market. The acquisition was completed on June 15, 2026, bringing the acquirer’s holding to nearly 23%.The transaction details indicate that Bhikhiben Balvantsinh Rajput purchased 7,900 shares of the company. This purchase accounted for 0.0080% of the total diluted share capital at the time of the acquisition.
Before this transaction, the individual holding the shares carried voting rights stood at 2,27,50,600 shares, representing 22.9816% of the company's stock. After acquiring the additional shares, the post-acquisition holding for Bhikhiben Balvantsinh Rajput increased to 2,27,58,500 shares, or 22.9895%.
The total voting capital of Gokul Refoils & Solvent Limited before and after the transaction remained at Rs. 19,79,90,000, divided into 9,89,95,000 equity shares of Rs. 2/- each.
Shareholding Status Update
The acquisition was executed by Bhikhiben Balvantsinh Rajput and his associated parties, who hold a promoter interest in the company. The composite shareholding of the PAC saw slight growth following the transaction.A summary of the pre- and post-acquisition shareholding for the acquirer and the Publicly Associated Concert (PAC) is detailed below:
| Stakeholder | Shares Before Acquisition | % Before Acquisition | Shares After Acquisition | % After Acquisition |
|---|---|---|---|---|
| Bhikhiben Balvantsinh Rajput (Acquirer) | 2,27,50,600 | 22.9816% | 2,27,58,500 | 22.9895% |
| PAC | 7,28,31,372 | 73.57% | 7,28,39,272 | 73.58% |
The PAC members include Balvantsinh Chandansinh Rajput, Dharmendrasinh Rajput, Arjunsinh Rajput, and Profitline Securities Pvt. Ltd., whose aggregate holding constituted 73.57% before the acquisition and increased to 73.58% thereafter.
GOKUL Stock Price Movement
Shares of Gokul Refoils and Solvent Limited are edging higher to ₹42.3 as of 10:40 AM, gaining a solid 3.91% in live trading. The stock maintains strong activity during the session, with 83,057 shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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