CRAFT Emerging Market Fund PCC has made a substantial acquisition in GSP Crop Science Limited, acquiring a 6.62% stake in the agrochemical company. The disclosure was filed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The fund acquired 30,77,725 shares of GSP Crop Science Limited, representing 6.62% of the company's total share capital. The acquisition was executed through a combination of open market purchases and IPO participation on March 23-24, 2026.

Fund Structure and Holdings

The acquisition was made through three sub-funds under CRAFT Emerging Market Fund PCC:

• CRAFT Emerging Market Fund PCC - Citadel Capital Fund
• CRAFT Emerging Market Fund PCC - Elite Capital Fund
• CRAFT Emerging Market Fund PCC - Prosperity Investments Fund

Prior to this transaction, CRAFT had no existing shareholding in GSP Crop Science Limited. The fund does not belong to the promoter or promoter group of the target company.

Company Capital Structure

GSP Crop Science Limited maintains its listing on the National Stock Exchange (NSE). The company's capital structure remained unchanged following the acquisition:

Regulatory Compliance

The disclosure filing confirms CRAFT's compliance with SEBI regulations for substantial acquisitions. The fund's acquisition represents a significant investment in the Indian agrochemical sector, with GSP Crop Science Limited being the target company for this strategic investment.

The transaction details indicate no encumbrances, pledges, or non-disposal undertakings associated with the acquired shares. The acquisition was completed through standard market mechanisms without any special features or conversion ratios applicable to the securities.

GSP Crop Science Limited has submitted its comprehensive Code of Practices and Procedures for fair disclosure of Unpublished Price Sensitive Information (UPSI) to both BSE Limited and National Stock Exchange of India Limited. The submission, made on March 24, 2026, fulfills the company's regulatory obligations under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Regulatory Compliance Framework

The code submission addresses the requirements of Regulation 8(2) of the SEBI PIT Regulations, following the company's formulation of the code under Regulation 8(1). The document establishes a structured approach to handling UPSI and preventing insider trading activities within the organization.

Code Structure and Key Components

The comprehensive code encompasses multiple critical areas of insider trading prevention and UPSI management. The document is structured into distinct sections covering definitions, compliance officer responsibilities, trading restrictions, and reporting requirements.

Key areas covered include:

• Prevention of sharing UPSI and trading restrictions
• Chinese Wall policy implementation
• Trading window closure protocols
• Pre-clearance procedures for securities transactions
• Monitoring of trading plans
• Reporting requirements for designated persons

Compliance Officer and Governance

The code designates the Company Secretary as the primary Compliance Officer, with the Executive Director-Finance and CFO serving as alternate designee when necessary. The Compliance Officer operates under Board of Directors supervision and maintains responsibility for monitoring adherence to insider trading prevention measures.

Trading Restrictions and Thresholds

The code establishes specific monetary thresholds and timeframes for various trading activities. Designated persons must obtain pre-clearance for transactions exceeding INR 10 lakhs in any calendar quarter, with approved trades requiring execution within 7 trading days.

Key restrictions include:

• Prohibition on derivative transactions in company securities
• Six-month contra trade restrictions following any transaction
• 48-hour waiting period after UPSI becomes generally available
• Emergency sale provisions with Compliance Officer approval

Public Access and Implementation

The complete code document is now accessible to stakeholders through the company's official website at www.gspcrop.in . This public availability ensures transparency in the company's insider trading prevention measures and allows stakeholders to understand the regulatory framework governing securities transactions by designated persons.

The code includes detailed forms for initial disclosures, pre-clearance applications, continual disclosures, and annual reporting requirements. These standardized formats ensure consistent compliance with SEBI regulations and maintain proper documentation of all securities transactions by covered individuals.