Sanjeev Lunkad and his group of persons acting in concert have filed mandatory disclosures with SEBI after crossing the 9% shareholding threshold in Gujarat Winding Systems Ltd through open market acquisition completed on April 9, 2026. The formal disclosure was submitted on April 13, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Transaction Details

The acquisition involved the purchase of 736 equity shares through open market transactions, representing 0.02% of the company's total share capital. This incremental purchase pushed the group's combined shareholding above the regulatory threshold of 9%, triggering mandatory disclosure requirements.

Acquirer Group Structure

The acquisition group comprises Sanjeev Lunkad as the primary acquirer along with four persons acting in concert. The official SEBI filing confirms that the acquirer group does not belong to the promoter or promoter group category.

Company Capital Structure

Gujarat Winding Systems Ltd maintains a stable capital structure with no changes resulting from this acquisition. The company's equity base remains consistent before and after the transaction.

Regulatory Filing Details

The disclosure was formally communicated to Gujarat Winding Systems Ltd at their registered office in Ahmedabad, with copies sent to BSE Limited and Skyline Financial Services Pvt Ltd as the registrar and transfer agent. The filing confirms that the acquisition involved no encumbrances, warrants, or convertible securities, representing a straightforward equity share purchase.

Contact Information

Sanjeev Lunkad, based at Lunkad House, 13 Race Course Road, Indore (M.P.)-452001, can be reached at sanjeevlunkad@hotmail.com and 9826052520. The acquirer group confirmed no holdings in voting rights other than equity shares or any convertible instruments that could entitle them to additional voting rights in the target company.

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.