Gokul Refoils Promoter Arjunsinh Rajput Acquires Additional 88,643 Shares
Gokul Refoils & Solvent Limited promoter Arjunsinh Rajput has acquired 88,643 additional equity shares through open market operations on March 19, 2026. This acquisition increased his shareholding from 16,35,788 shares (1.65%) to 17,24,431 shares (1.74%), while the total promoter group holding rose to 73.53% of the company's equity capital.
*this image is generated using AI for illustrative purposes only.
Gokul Refoils & Solvent Limited has received a disclosure under SEBI regulations regarding the acquisition of additional equity shares by promoter Arjunsinh Rajput. The transaction, completed on March 19, 2026, involved the purchase of 88,643 shares through open market operations.
Transaction Details
The acquisition represents a notable increase in Arjunsinh Rajput's stake in the company. His shareholding has grown from 16,35,788 shares to 17,24,431 shares, translating to an increase from 1.65% to 1.74% of the total share capital.
| Parameter: | Before Acquisition | Acquisition | After Acquisition |
|---|---|---|---|
| Number of Shares: | 16,35,788 | 88,643 | 17,24,431 |
| Percentage Holding: | 1.65% | 0.08% | 1.74% |
| Acquisition Mode: | - | Open Market | - |
| Transaction Date: | - | March 19, 2026 | - |
Promoter Group Holdings
The disclosure provides comprehensive details of the promoter group's collective shareholding, which includes persons acting in concert (PAC) with the acquirer. Following this transaction, the total promoter group holding has increased:
| Promoter/PAC Name: | Shareholding | Percentage |
|---|---|---|
| Mr. Balvantsinh Chandansinh Rajput: | 2,43,79,262 | 24.63% |
| Mrs. Bhikhiben Balvantsinh Rajput: | 2,27,17,500 | 22.95% |
| Mr. Dharmendrasinh Balvantsinh Rajput: | 82,15,579 | 8.30% |
| M/s Profitline Securities Pvt. Ltd.: | 1,57,61,500 | 15.92% |
| Mr. Arjunsinh Rajput (Acquirer): | 17,24,431 | 1.74% |
| Total Promoter Group: | 7,27,98,272 | 73.53% |
Company Share Capital Structure
Gokul Refoils & Solvent Limited maintains a total equity share capital of Rs. 19,79,90,000, divided into 9,89,95,000 equity shares of Rs. 2.00 each. The share capital structure remained unchanged following this acquisition.
Regulatory Compliance
The disclosure was filed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both BSE Limited and the National Stock Exchange of India Limited. The acquisition did not involve any encumbered shares, voting rights other than equity shares, or convertible securities.
Historical Stock Returns for Gokul Refoils & Solvent
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.03% | +13.68% | -1.48% | -9.51% | -4.48% | +104.15% |
Will the promoter group's 73.53% shareholding trigger any strategic restructuring or delisting considerations for Gokul Refoils & Solvent Limited?
How might this increased promoter confidence impact the company's expansion plans in the edible oil and solvent extraction industry?
Could this acquisition signal preparation for upcoming corporate actions such as bonus issues or stock splits given the concentrated ownership?
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