Promoter Plans Sale of Shares in Open Market to Meet Minimum Public Shareholding Mandates
GNG Electronics Limited has announced a plan for its promoter, Vidhi S Khandelwal, to sell equity shares in the open market. The proposed sale aims to help the company meet minimum public shareholding requirements as mandated by applicable regulations.The Promoter intends to divest up to 45,00,000 equity shares of the Company. Each share has a face value of ₹ 2. This transaction represents a maximum divestation of 3.95% of the total paid-up equity share capital of GNG Electronics Limited.
Vidhi S Khandelwal confirmed her intention to undertake the proposed sale. The entire divestment process is scheduled for completion on or before June 19, 2026, through single or multiple tranches in the stock exchanges via the open market route.
Shareholding Status and Transaction Details
The details regarding the intended transaction are summarized below:| Detail | Particulars |
|---|---|
| Seller/Promoter | Vidhi S Khandelwal |
| Maximum Shares to be Divested | 45,00,000 Equity Shares |
| Face Value per Share | ₹ 2/- |
| Percentage of Shares Proposed for Divestment | Up to 3.95% of the total paid up equity share capital |
| Completion Period | On or before June 19, 2026 |
Impact on Promoter Holding
The proposed sale will impact the aggregate Promoter and Promoter Group shareholding in GNG Electronics Limited. As of June 10, 2026, the Promoter and Promoter Group held 78.71% of the total paid-up equity share capital. Following the successful completion of this sale, the Promoter and Promoter Group shareholding is projected to be reduced to 74.76%.EBGNG Stock Price Movement
GNG Electronics Limited shares slipped by 3.92% on Wednesday, settling at ₹392.60 after falling ₹16.10 from the previous day's close. The stock traded within a range of ₹390.00 to ₹416.65 and recorded a total volume of 411,411 shares.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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