Sungold Media Promoter Raj Kotia Increases Stake to 47.57% Through Open Market Purchase

1 min read     Updated on 09 Jan 2026, 12:12 PM
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Overview

Raj Kotia, promoter of Sungold Media And Entertainment Limited, acquired 10,000 additional equity shares through open market purchases on January 7-8, 2026. This increased his shareholding from 47.48% to 47.57%, with the acquisition disclosed under SEBI regulations. The company's capital structure remains unchanged at ₹11 crores divided into 1.10 crore shares of ₹10 each.

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Promoter Raj Kotia has strengthened his position in Sungold Media And Entertainment Limited by acquiring additional equity shares through open market purchases. The acquisition, completed on January 7-8, 2026, represents a strategic move to increase promoter holding in the BSE SME-listed company.

Acquisition Details

The share acquisition involved 10,000 equity shares purchased through open market transactions. This purchase increased Kotia's shareholding from 5,222,570 shares to 5,232,570 shares, representing a percentage increase from 47.48% to 47.57% of the company's total voting capital.

Parameter Before Acquisition After Acquisition Change
Number of Shares 5,222,570 5,232,570 +10,000
Percentage Holding 47.48% 47.57% +0.09%
Voting Rights 47.48% 47.57% +0.09%

Company Structure and Listing

Sungold Media And Entertainment Limited maintains its equity share capital structure unchanged following this acquisition. The company's authorized and issued capital remains at ₹11.00 crores, divided into 1.10 crore equity shares of ₹10 each. The company's shares are listed on BSE Limited's SME platform under scrip code 541799.

Regulatory Compliance

The acquisition was disclosed under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The disclosure confirms that:

  • No encumbrances exist on the acquired shares
  • No voting rights were acquired through instruments other than equity shares
  • No warrants or convertible securities were involved in the transaction
  • The acquisition was completed through open market purchases only

Transaction Timeline

The share purchases were executed over two consecutive days, with transactions completed on January 7, 2026, and January 8, 2026. The formal disclosure to BSE was submitted on January 8, 2026, ensuring compliance with regulatory timelines for substantial acquisition reporting.

This acquisition reinforces the promoter's commitment to the company while maintaining the existing capital structure and operational framework of Sungold Media And Entertainment Limited.

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Sungold Media Secures BSE Approval for Promoter Group Reclassification

1 min read     Updated on 27 Oct 2025, 01:21 PM
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Overview

Sungold Media & Entertainment Limited has obtained approval from BSE Limited to reclassify M/S Shree Krishna Infrastructure Limited from 'Promoter Group' to 'Public' category. The reclassified entity currently holds no shares in the company. The approval was granted on October 24, 2025, following an application made on October 4, 2025. The company must comply with relevant disclosures as per SEBI regulations.

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Sungold Media & Entertainment Limited has received approval from BSE Limited for a significant change in its shareholder classification. The company announced that M/S Shree Krishna Infrastructure Limited has been reclassified from the 'Promoter Group' category to the 'Public' category.

Key Details of the Reclassification

Aspect Details
Company Sungold Media & Entertainment Limited
Stock Exchange BSE Limited
Reclassified Entity M/S Shree Krishna Infrastructure Limited
Previous Category Promoter Group
New Category Public
Current Shareholding 0 shares (0% holding)
Application Date October 4, 2025
Approval Date October 24, 2025
BSE Approval Letter No. LIST/COMP/HG/515/2025-26
Regulatory Framework Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Implications and Compliance

The reclassification marks a shift in the ownership structure of Sungold Media & Entertainment Limited. Despite the change in category, it's noteworthy that M/S Shree Krishna Infrastructure Limited currently holds no shares in the company, representing a 0% stake.

BSE has mandated that Sungold Media & Entertainment ensure compliance with subsequent relevant disclosures related to this reclassification. These disclosures should be made in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015.

The company has stated that information regarding this reclassification will be available on its official website at https://sungoldmediaent.com/ .

This corporate action reflects the dynamic nature of shareholding patterns in publicly listed companies and underscores the importance of transparent communication with regulatory bodies and shareholders alike.

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