Kingsman Wealth Management Acquires Shares in Gujjubhai Industries Ltd Through Open Market Purchase
Kingsman Wealth Management Private Limited, a member of the Promoter Group, has acquired shares in Gujjubhai Industries Limited through open market purchases. This transaction details the change in stake held by the acquirer in the target company as of June 8, 2026.The acquisition concerns Gujjubhai Industries Limited (formerly Sumuka Agro Industries Limited). Kingsman Wealth Management Private Limited completed the purchase via the open market on June 8, 2026.
Based on the disclosed transaction details, which pertain to shares carried by voting rights acquired through the open market, the following data represents the status of the acquisition:
| Metric | Details |
|---|---|
| Acquirer | Kingsman Wealth Management Private Limited |
| Target Company | Gujjubhai Industries Limited (Formerly Sumuka Agro Industries Limited) |
| Date of Acquisition | 08/06/2026 |
| Shares Acquired | 28,814 equity shares |
| Acquisition Mode | Open Market |
The transaction reflects the evolution of holdings by Kingsman Wealth Management Private Limited. Before the acquisition, the company held 26,91,462 shares, constituting a 12.8650% stake in Gujjubhai Industries Limited. The purchase resulted in a change to the total shareholding.
The post-acquisition details show that Kingsman Wealth Management Private Limited now holds 26,62,648 shares, reflecting a holding of 13.0027%.
Financial specifics related to the target company stand as follows:
| Capital Metric | Details (Before and After Acquisition) |
|---|---|
| Equity Share Capital | Rs. 20,92,08,360 paid up capital (2,09,20,836 Equity Shares of Rs 10/- each) |
| Total Diluted Voting Capital | Rs. 20,92,08,360 paid up capital |
The acquisition and the resultant post-acquisition holdings are detailed below:
| Holding Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Carrying Voting Rights | 26,91,462 (12.8650%) | 26,62,648 (13.0027%) |
Stock Price Movement
At 10:48, Gujjubhai Industries Ltd is ticking down following market movements, currently trading at ₹137.50, which represents a 1.75% decline. Throughout the session, shares experienced volatility as they moved between an intraday high of ₹139.95 and a low of ₹134.95.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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