Gala Precision Engineering Limited: Promoter Group details shareholding and acquisition status
The Promoter Group of Gala Precision Engineering Limited has disclosed comprehensive details regarding its acquisition and post-acquisition holding in the company, covering various promoter members and associated entities. The information details the percentage holding of each entity before and after the shares were acquired by the group members.The Acquirers and Persons Acting in Concert (PAC) include several members of the Promoter Group, such as Kirit Vishanji Gala, Smeet Kirit Gala, Rumie Kirit Gala, Taramati V Gala, Nayna Gala, Alpa Kiran Chheda, Saloni Kirit Gala, Kirit VGala HUF 7 Madhu Ashar, Manisha Madhu Ashar, Anubhuti Gandhi, Rajiv Madhu Ashar, Sanjay Mahendra Gandhi, Shefali Sanjay Gandhi, Slate Workspaces Private Limited, and Workamp Spaces Private Limited. The seller is confirmed to belong to the Promoter/Promoter Group.
The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The details provided reflect the shares carried by various entities within the promoter group prior to the acquisition.
| Entity | Pre-acquisition Holding (Share %) |
|---|---|
| Madhu Vrajlal Ashar & Kirit VGala | 0.67% / 21.81% |
| Taramati V Gala | 9.40% |
| Rumie Kirit Gala | 9.75% |
| Smeet Kirit Gala | 9.75% |
| Alpa Kiran Chheda | 4.60% |
| Nayna Gala | 1.98% |
| Saloni Kirit Gala | 1.22% |
| Kirit VGala HUF | 1.12% |
| Manisha Madhu Ashar | 1.05% |
The data also specifies the holding of shares in an encumbrance and voting rights for all related entities, with shares in such nature being zero for pre-acquisition holdings across most categories.
Following the acquisition, various shareholding positions within the Promoter Group have been updated. The post-acquisition figures show significant stability among key promoter members.
| Entity | Post-acquisition Holding (Share %) |
|---|---|
| Madhu Ashar | 0.10% |
| Kirit VGala | 0.57% |
| Taramati V Gala | 21.81% |
| Rumie Kirit Gala | 9.40% |
| Alpa Kiran Chheda | 4.60% |
| Nayna Gala | 1.98% |
| Saloni Kirit Gala | 1.22% |
| Kirit VGala HUF | 1.12% |
| Manisha Madhu Ashar | 1.05% |
| Vaibhavi Vishanji Gala | 0.12% |
The total acquisition/sale details indicate that the combined shares carrying voting rights acquired amounted to 54.54%, with this percentage matching the post-acquisition total for votes carrying rights as reported in the provided data.
GALAPREC Stock Price Movement
Shares of Gala Precision Engineering Limited are edging higher to ₹1,119.05 as of 1:41 PM today, gaining 0.77% in live trading. The stock saw robust activity, with 40,304 shares traded during the session.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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