SBI Life Insurance Company Limited has increased its shareholding in Gokaldas Exports Limited to 5.08% following an open market acquisition. The disclosure, submitted under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the purchase of 3,00,000 equity shares. This transaction represents a significant stake increase in the target company, moving the acquirer's position closer to the substantial acquisition threshold.

The acquisition was executed on June 29, 2026, via the open market mechanism. Prior to this transaction, SBI Life Insurance Company Limited held 34,20,000 shares, which accounted for 4.67% of the total share capital. The purchase of an additional 3,00,000 shares has raised the acquirer's total holding to 37,20,000 shares.

Details of the Acquisition

The filing provides a breakdown of the shareholding structure before and after the transaction. The total equity share capital of Gokaldas Exports Limited remained unchanged at 7,32,47,228 shares. However, the acquirer's percentage stake in the company rose as a result of the new purchase.

Regulatory Disclosures

SBI Life Insurance Company Limited clarified that it does not belong to the promoter or promoter group of Gokaldas Exports Limited. The shares of the target company are listed on the National Stock Exchange of India Ltd and BSE Limited. The total diluted share capital of the target company, assuming full conversion of outstanding convertible securities, stands at 7,74,95,878 shares.

Gokaldas Exports has convened an Extraordinary General Meeting (EGM) on July 31, 2026, to seek shareholder approval for the amalgamation of BRFL Textiles Private Limited with the company. The scheme, directed by the National Company Law Tribunal (NCLT), Mumbai Bench, aims to merge the Transferor Company, BRFL Textiles Private Limited, with the Transferee Company, Gokaldas Exports Limited. The meeting is scheduled to commence at 11:00 a.m. IST via video conferencing and other audio-visual means.

The NCLT order dated May 11, 2026, mandates the convening of this meeting to consider the proposed Scheme under Sections 230 to 232 of the Companies Act, 2013. The regulatory filing was submitted to BSE Limited and National Stock Exchange of India Limited on June 29, 2026. Newspaper notices were published in Business Standard and Navshakti on June 30, 2026, pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Tribunal has appointed Mr. Prakash Chandra as the Chairperson and Ms. Harshita Rupa as the Scrutinizer for the meeting. Shareholders can participate in the decision-making process through remote e-voting. The facility allows eligible equity shareholders to cast their votes electronically before the meeting. The cut-off date for determining e-voting eligibility is Friday, July 24, 2026.

The e-voting period opens on Tuesday, July 28, 2026, at 9:00 a.m. IST and closes on Thursday, July 30, 2026, at 5:00 p.m. IST. The notice and relevant documents, including the Scheme of Amalgamation, are accessible on the company's official website and the website of KFintech Technologies Limited.

Key Meeting Details