Gujarat winding systems Limited has announced a key board change with the resignation of one of its directors. The company, formerly known as Hi-Tech Winding Systems Limited, informed the stock exchanges about this corporate governance development under regulatory compliance requirements.

Director Resignation Details

Ms. Ashaben Daujibhai Sharma has resigned from her position as Director of the company, effective March 14, 2026. The resignation was formalized through her letter dated March 14, 2026, which was promptly considered and accepted by the Board of Directors on the same date.

Board Acknowledgment

The Board of Directors has placed on record its appreciation for the valuable contribution, support and guidance provided by Ms. Ashaben Daujibhai Sharma during her tenure as Director of the company. In her resignation letter, Ms. Sharma expressed gratitude for the opportunity to serve as Director and thanked the Board members for their support and cooperation.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The intimation was sent to BSE Limited's Department of Corporate Services, where the company's scrip is listed under BSE scrip code 541627 with scrip ID GUJWIND.

Company Information

Gujarat Winding Systems Limited, incorporated with CIN L22122GJ1988PLC010503, operates from its registered office at Gokul Complex, Ellisbridge, Ahmedabad. The resignation documentation was signed by Hariprasad Govindram Khetan, Director with DIN 01228538, on behalf of the company. The company has requested the stock exchange to take note of this board change and has provided all required annexures including the resignation letter and detailed compliance information as per regulatory requirements.

Gujarat winding systems Ltd has received a comprehensive regulatory disclosure from Sanjeev Lunkad regarding substantial acquisition of shares that resulted in crossing the 7% shareholding threshold. The disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, provides detailed documentation of the acquisition by Lunkad along with persons acting in concert.

Acquisition Details

Sanjeev Lunkad, acting in concert with Sneha Lunkad and Rushank SS Lunkad, acquired 15708 equity shares through open market transactions. The acquisition increased their collective holding from 328611 shares to 344319 shares, representing an increase from 6.76% to 7.09% of the company's total equity capital.

Regulatory Compliance and Documentation

The 7% threshold was crossed on March 4, 2026, triggering the mandatory disclosure requirement under SEBI regulations. The formal disclosure was submitted to the company on March 5, 2026, with comprehensive documentation including Part-A and Part-B details as required under the regulations. The acquirer group has confirmed that they do not belong to the promoter or promoter group category.

Acquirer Information and Contact Details

The disclosure identifies Sanjeev Lunkad as the primary acquirer with registered address at Lunkad House, 13 Race Course Road, Indore (M.P.)-452001. The persons acting in concert include Sneha Lunkad and Rushank SS Lunkad. Complete PAN details have been provided for all parties as required under regulatory guidelines.

Company Information

Gujarat Winding Systems Ltd maintains its equity share capital at Rs. 4,85,79,000, comprising 48,57,900 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited, and the recent acquisition does not affect the total share capital structure. The company is located at 8, Gokul Complex, Opp.Nagri Hospital, Gujarat College Road, Ellisbridge, Ahmedabad, Gujarat - 380006.

The transaction represents a strategic increase in shareholding through systematic open market purchases, bringing the group's total investment above the regulatory threshold that mandates public disclosure. The comprehensive documentation has been submitted to BSE Limited and Skyline Financial Services Pvt Ltd as per regulatory requirements.