Gagan Gases Limited: Promoter Group Member Ankit Vij Sells 0.25% Equity Stake

Gagan gases Limited has announced that Mr. Ankit Vij, a member of the promoter group, has sold a portion of his equity shareholding in the company. The disclosure was made on April 6, 2026, in compliance with regulatory requirements under SEBI takeover regulations.

Share Sale Transaction Details

The transaction involved the sale of equity shares through open market operations, with specific details outlined in the regulatory filing:

Parameter	Details
Shares Sold	11,265 equity shares
Percentage of Capital	0.25%
Transaction Date	March 30, 2026
Mode of Sale	Open Market
Seller	Mr. Ankit Vij (Promoter Group)

Shareholding Pattern Changes

The sale has resulted in a reduction of Mr. Ankit Vij's stake in the company. The comparative shareholding position shows the impact of this transaction:

Shareholding Period	Number of Shares	Percentage Holdings
Before Sale	16,875 shares	0.37%
Shares Sold	11,265 shares	0.25%
After Sale	5,610 shares	0.12%

Company Share Capital Structure

Gagan Gases Limited's equity share capital structure remains unchanged following this transaction. The company maintains its total equity share capital at 4,518,500 equity shares of Rs. 10 each. This promoter group member's sale represents a minor adjustment in the overall shareholding pattern without affecting the company's capital base.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The company has submitted the required documentation to the Bombay Stock Exchange, where its shares are listed, ensuring full compliance with regulatory disclosure requirements for promoter group transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-22.50%	-9.97%	-32.05%	-8.81%	+153.60%

Gagan Gases Limited has formally notified BSE Limited that it does not qualify as a 'Large Corporate' under SEBI's regulatory framework for debt securities fundraising. The confirmation was submitted to the stock exchange on April 6, 2026, providing clarity on the company's regulatory compliance status.

SEBI Circular Non-Applicability

The company has confirmed that it does not fall under the purview of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This circular specifically addresses fund raising by issuance of debt securities by large entities and mandates certain disclosure and compliance requirements for such corporations.

Parameter	Details
SEBI Circular Reference	SEBI/HO/DDHS/CIR/P/2018/144
Circular Date	November 26, 2018
Company Status	Not classified as 'Large Corporate'
BSE Code	524624

Regulatory Compliance Clarification

According to the official communication, Gagan Gases Limited does not meet the criteria outlined in para 2.2 of the referenced SEBI circular that defines 'Large Corporate' entities. This classification exempts the company from specific regulatory requirements related to debt securities issuance and associated disclosure obligations.

Official Documentation

The confirmation was officially signed by Anjali Jain, Company Secretary with Membership No. A41488, and submitted to BSE's Compliance Department. The document serves as formal record of the company's regulatory status and ensures proper compliance with stock exchange notification requirements.

This clarification provides stakeholders with clear understanding of the company's position regarding SEBI's debt securities regulations and confirms that the specific compliance framework outlined in the 2018 circular does not apply to Gagan Gases Limited's operations.