Siddharth Jain Acquires 30% Stake in GFL Ltd via Gift

GFL Limited has filed a disclosure regarding the acquisition of 30% of its share capital by Mr. Siddharth Jain from Mr. Pavan Jain. The transaction, scheduled for August 24, 2026, involves the transfer of 3,29,55,000 shares and is classified as an inter-se transfer of shares amongst promoters (immediate relatives) as a gift, with no consideration involved. This acquisition is exempted from an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, due to the transfer being amongst immediate relatives. Following the transaction, Mr. Siddharth Jain's shareholding will increase significantly, while Mr. Pavan Jain's will decrease.