Sanjeev Lunkad and his group of persons acting in concert (PAC) reduced their stake in Gujarat Winding Systems to 12.12% following an open market sale of 44,100 equity shares on August 25, 2026.

The disposal brings the consolidated holding below the 13% threshold mandated for disclosures under SEBI regulations. The acquirer and PACs include Sneha Lunkad, Riddhi Lunkad, Rushank SS Lunkad, and Snehjeev Ventures Pvt Ltd.

Transaction Details

The group held 632,994 shares, representing 13.03% of the total voting capital, prior to the transaction. The sale of 44,100 shares (representing 0.91% of total capital) was executed in the open market.

Regulatory Disclosure

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that none of the shares held are encumbered or pledged. The total equity share capital of Gujarat Winding Systems remains at ₹4,85,79,000, comprising 48,57,900 equity shares of face value ₹10 each.

What the Numbers Show

The reduction in stake is significant as it moves the promoter-like group below the 13% disclosure trigger line. With no encumbrances reported on the remaining 588,894 shares, the holding represents unpledged equity, suggesting a strategic reduction rather than a forced liquidation due to margin calls.

Gujarat Winding Systems Limited appointed Mr. Jitendra Parmar as its secretarial auditor for the financial year 2026. The appointment was approved by the Board of Directors during a meeting held on August 24, 2026.

The company disclosed the outcome pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Parmar is a practicing company secretary who will serve in this capacity for FY26.

The board meeting commenced at 5:00 pm and concluded at 6:00 pm on the same day. The company, formerly known as Hi-Tech Winding Systems Limited, notified the Bombay Stock Exchange of the decision.