Vistra ITCL Increases Gee Limited Holdings to 27.74% Through Additional Pledge
Vistra ITCL (India) Limited has disclosed a second substantial acquisition of 72.08 lakh equity shares in Gee Limited through pledge arrangement, increasing its total encumbered holdings from 13.86% to 27.74%. The acquisition was made in Vistra ITCL's capacity as debenture and security trustee, with mandatory disclosure filed under SEBI regulations as a precautionary measure.

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Vistra ITCL (India) Limited has disclosed a second substantial acquisition of equity shares in Gee Limited, further increasing its encumbered holdings through another pledge arrangement. The company filed mandatory disclosures under SEBI regulations following the additional acquisition.
Latest Acquisition Details
The recent transaction involves an additional 72,08,388 equity shares of Gee Limited that were pledged with Vistra ITCL on February 03, 2026. This follows the previous acquisition of the same number of shares on January 27, 2026, bringing the total encumbered holdings to significant levels.
| Parameter | Details |
|---|---|
| Additional Shares Acquired | 72,08,388 |
| Acquisition Date | February 03, 2026 |
| Mode of Acquisition | Pledge of equity shares |
| Acquirer Status | Debenture Trustee/Security Trustee |
| Promoter Group | No |
Updated Holdings Position
The disclosure reveals Vistra ITCL's significantly increased shareholding position following the second acquisition:
| Holding Period | Encumbered Shares | Percentage of Total Capital |
|---|---|---|
| Before Latest Acquisition | 72,08,388 | 13.86% |
| After Latest Acquisition | 1,44,16,776 | 27.74% |
| Total Increase | 72,08,388 | 13.88% |
Target Company Structure
Gee Limited's equity structure remains unchanged following both pledge arrangements. The company maintains its total equity share capital of 5,19,76,932 shares with a face value of Rs. 2.00 each, aggregating to Rs. 10,39,53,864. The shares continue to be listed on BSE Limited.
Regulatory Compliance Framework
Vistra ITCL filed this latest disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company reiterated that the primary compliance responsibility for such regulations lies with the lender or debenture holder rather than the trustee. However, Vistra ITCL continues to file disclosures as a precautionary measure in its capacity as security and debenture trustee.
The disclosure was signed by Jatin Chonani, Compliance Officer at Vistra ITCL (India) Limited, and submitted to BSE Limited and the National Stock Exchange of India Limited on February 05, 2026.
Historical Stock Returns for GEE
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.28% | -3.57% | -5.35% | -8.95% | +9.01% | +297.93% |
































