Sanjay Gupta has acquired a 35.07% stake in SG Mart through an inter-se transfer of 4,42,00,000 equity shares from promoter Sameer Gupta. The transaction, executed by way of gift on June 16, 2026, was disclosed to the stock exchanges under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This acquisition alters the individual promoter shareholding structure while the total promoter and promoter group holding remains unchanged at 57.90% of the total paid-up share capital.

The transfer was conducted between immediate relatives, as Sanjay Gupta is the brother of Sameer Gupta. The disclosure regarding the acquisition was filed with BSE Limited and National Stock Exchange of India Limited on June 16, 2026. The equity shares transferred have a face value of ₹1 each. The total equity share capital of the company before and after the acquisition stands at 12,60,35,200 shares amounting to ₹12,60,35,200.

Following the transaction, Sanjay Gupta now holds 4,42,00,000 shares, while Sameer Gupta’s holding has reduced to nil. The total promoter and promoter group holding stands at 7,29,75,000 shares. The table below details the revised shareholding of the promoters and promoter group post-transaction:

The specific details of the acquisition are outlined below:

As a result of this transfer, Sanjay Gupta’s shareholding increased from 0% to 35.07%, while Sameer Gupta’s shareholding decreased from 35.07% to 0%. The acquirer has confirmed compliance with the relevant regulations regarding these changes.

SG Mart Limited has secured an interim stay from the Hon'ble High Court of Delhi regarding the stamp duty demand of ₹1.89 crore issued by the Office of the Collector of Stamps, Government of N.C.T. of Delhi. The court's order on May 29, 2026, stays the operation of the impugned orders dated May 26, 2026, subject to the company depositing 50% of the total demand, amounting to ₹95.80 lakhs, within one month. This development follows the company's writ petition challenging the demand, which arose from a dispute over the applicable stamp duty rate for dematerialized shares issued across FY 2023-24, FY 2024-25, and FY 2025-26.

The original demand, received by the company on May 27, 2026, determined a liability of ₹88,38,990 along with a penalty of ₹1,01,00,000. The authorities passed orders under Sections 33, 38, and 40 of the Indian Stamp Act, 1899. SG Mart maintained that it had paid the stamp duty on these issuances in accordance with Section 9A(1) read with Article 56A of Schedule I of the Indian Stamp Act, 1899, through the depository mechanism prescribed by the Central Government.

Legal Proceedings

The dispute originated from a circular issued during 2025 by the Additional District Magistrate, Collector of Stamps, Revenue Department, Delhi. Following the receipt of the demand orders, SG Mart filed a writ petition before the Hon'ble High Court of Delhi. During the hearing on May 29, 2026, the court granted the interim stay on the condition of the partial deposit. The proceedings are currently under judicial consideration.

Financial Impact

While the immediate enforcement of the demand has been stayed, the company is required to deposit ₹95.80 lakhs within a month. SG Mart stated that the final financial impact of the order will be assessed based on the outcome of the writ petition. The disclosure regarding the court's stay was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.