In compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ( SEBI SAST Regulations ), please find enclosed, as Annexure A, the prescribed disclosure in relation to the indirect acquisition by Mehta Family Trust ( Acquirer ) of voting rights in Saurashtra Cement Limited ( Target Company ) consequent upon the… — Market Impact & AI Analysis
Event Explorer
In compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ( SEBI SAST Regulations ), please find enclosed, as Annexure A, the prescribed disclosure in relation to the indirect acquisition by Mehta Family Trust ( Acquirer ) of voting rights in Saurashtra Cement Limited ( Target Company ) consequent upon the…
Impact
Evidence Coverage
Impact Score
—
Pending analysis
Companies Affected
1
1 identified
Sectors Impacted
3
Economy
Evidence Coverage
0%
Low Coverage
What Happened
In compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ( SEBI SAST Regulations ), please find enclosed, as Annexure A, the prescribed disclosure in relation to the indirect acquisition by Mehta Family Trust ( Acquirer ) of voting rights in Saurashtra Cement Limited ( Target Company ) consequent upon the acquisition of 2,49,999 equity shares, representing 49.99% of the equity share capital of Galaxy Technologies Private Limited ( Galaxy ), from Mr. Jay Mahendra Mehta on September 22, 2026 ( Proposed Acquisition ). Pursuant to the Proposed Acquisition, the Acquirer has indirectly acquired voting rights corresponding to the equity shares held by Galaxy in the Target Company, representing 14.57% of the voting rights in the Target Company.
Most Affected
Affected Companies
1 company identifiedHistorical Precedent
No sufficiently similar historical precedent found.
1 company relationship
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