Edible Oil
Acquisitions2 April 2026 at 02:57 am

Promoter Group Acquires 2,50,000 Shares in Shri Gang Industries & Allied Products Ltd Through Conversion of CCPS

AI Summary

Express Infra Financial Consultancy Pvt Ltd, on behalf of the promoter group of Shri Gang Industries and Allied Products Ltd, has acquired 2,50,000 equity shares of the company. The acquisition was made on March 30, 2026, pursuant to the conversion of Compulsorily Convertible Preference Shares (CCPS) into equity shares by the company. The promoter group, which includes Suraj Industries Limited, Anita Gupta, Suraj Prakash Gupta, Ritesh Gupta, Vikas Gupta, Ashok Gupta, Shailesh Gupta, Universal Share Trading and Consultancy Company Ltd, Ajay Gupta, Siddharth Gupta, Varun Gupta, Vinod Gupta, Almondz Global Securities Limited, Ramesh Gupta, Rakesh Dutta, and J K Jain, has seen an increase in their shareholding from 39.46% to 40.21% due to this acquisition.

Key Highlights

  • Promoter group acquires 2,50,000 shares in Shri Gang Industries & Allied Products Ltd
  • Acquisition made on March 30, 2026, pursuant to the conversion of CCPS into equity shares
  • Promoter group's shareholding increases from 39.46% to 40.21%
  • Acquirer is Express Infra Financial Consultancy Pvt Ltd
  • Other PACs include Suraj Industries Limited, Anita Gupta, Suraj Prakash Gupta, Ritesh Gupta, Vikas Gupta, Ashok Gupta, Shailesh Gupta, Universal Share Trading and Consultancy Company Ltd, Ajay Gupta, Siddharth Gupta, Varun Gupta, Vinod Gupta, Almondz Global Securities Limited, Ramesh Gupta, Rakesh Dutta, and J K Jain