Promoter Dhruv Sureshkumar Jani has reduced his stake in Global Longlife Hospital and Research by selling 6,78,000 equity shares on the open market. The sales, executed between July 01, 2026, and July 30, 2026, lower his holding from 22.87% to 16.41%, marking a significant dilution in promoter ownership during the month.

The disclosure was filed with BSE Limited on August 01, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the seller belongs to the promoter group and that the transactions were conducted via the open market rather than through block deals or off-market transfers.

Transaction Details

The sale represents a reduction of 6.46% in the company's total share capital. Prior to the transaction, Jani held 24,00,990 voting rights, which constituted 22.87% of the total diluted share/voting capital. Following the sale, his holding stands at 17,22,990 shares, representing 16.41% of the total capital.

The company’s total equity share capital remains unchanged at ₹10,50,00,000, comprising 1,05,00,000 equity shares of ₹10 each. There were no changes in voting rights acquired or sold otherwise than by shares, nor any warrants or convertible securities involved in the transaction.

What the Numbers Show

The reduction in promoter stake from 22.87% to 16.41% is material, indicating a deliberate exit strategy or liquidity requirement by the promoter. With no encumbrances such as pledges or liens reported in the filing, the shares sold were unencumbered assets. The open market mode suggests the sales were likely executed in smaller tranches to minimize price impact, a common practice for substantial holdings.

Global Longlife Hospital and Research Ltd has appointed Hiren Mandaliya as a Non-Executive Independent Director for a period of five years. The appointment, effective from March 31, 2026, to March 30, 2031, was approved by shareholders at the Annual General Meeting held on June 25, 2026, based on the recommendation of the Board of Directors.

Mandaliya is a qualified Chartered Accountant with expertise in accounting, taxation, compliances, finalization of accounts, filing of returns, assessment proceedings, and representation before tax authorities. The disclosure confirms that he is not related to any director of the company and is not debarred from holding the position of director by any SEBI order or other authority.

The appointment was disclosed to the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided the necessary details in accordance with Schedule III of the SEBI LODR Regulations and the relevant SEBI Master Circular.

Appointment Details