GNG Electronics Limited promoter Vidhi S Khandelwal sold 34,20,345 equity shares on the National Stock Exchange (NSE) on September 30, 2026, for a total value of ₹230.80 crore. This on-market disposal reduced her holding in the company from 11.80% to 8.80%.

The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SAST Regulations), as well as Regulation 7(2) of the Prohibition of Insider Trading Regulations. The sale was executed entirely on the NSE, with the date of allotment advice and intimation to the company recorded as September 30, 2026.

Transaction details

The following table outlines the key parameters of the shareholding change:

Stake reduction impact

The sale represents a significant reduction in the promoter's equity stake, lowering the percentage of shares held by nearly 3 percentage points. The absolute number of shares held by Vidhi S Khandelwal decreased from over 1.34 crore to approximately 1 crore following the transaction. The disclosure confirms the shares were equity shares, with no other securities involved in this specific trade.

What the Numbers Show

The transaction reduced the promoter's voting capital holding by exactly 3.00%, bringing it down to 8.80%. When viewed against the company's total diluted share capital, which includes ESOPs, the post-transaction diluted holding stands at 8.74%. This indicates that while the voting stake remains above the 5% threshold requiring continuous disclosure under SAST regulations, the promoter has significantly diluted her influence relative to the fully diluted equity base.

GNG Electronics Limited has disclosed the voting results for its 20th Annual General Meeting (AGM) held on September 24, 2026. All 11 resolutions proposed in the notice were passed with the requisite majority, including the adoption of FY26 financial statements and various special business items.

The meeting, conducted via Video Conferencing, saw participation from 59 members. The results were declared pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following the submission of the Consolidated Scrutinizer's Report by Nishant Bajaj & Associates on September 26, 2026.

Financial adoption and director reappointment

Members considered and adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. The reports of the Board of Directors and Auditors were also approved. Additionally, Mr. Ajay Pancholi, who retired by rotation, was re-appointed as a director. The resolution regarding Mr. Pancholi's re-appointment received 99.79% votes in favour, with only 0.21% against.

Special business resolutions

The AGM addressed several special business items, primarily focusing on borrowing limits, investments, and related party transactions. The following key resolutions were put to vote:

Voting and compliance procedures

Remote e-voting commenced on September 20, 2026, and concluded on September 23, 2026. Members who had not voted remotely were provided an opportunity to vote during the AGM via the Bigshare e-voting system. The Chairperson, Ms. Rinku Arora, welcomed the attendees, including the Chief Financial Officer, Mr. Raakesh Jhunjhunwala, and representatives from the Statutory and Secretarial Auditors.

The results of the voting are scheduled to be declared within two working days from the conclusion of the AGM. These results will be submitted to the stock exchanges and uploaded to the company's website.