Shareholding13 Apr 2026, 03:34 pm
Global Surfaces: Promoter Vatsankit Shah acquires 2% shares via inter-se transfer
AI Summary
Global Surfaces Ltd. announced that Vatsankit Shah, a promoter group member, acquired 8,45,906 equity shares (2.00% stake) from M/s Vatsankit Shah Trust, also part of the promoter group. This off-market inter-se transfer occurred on March 20, 2026, due to the dissolution of the trust and distribution of assets to Vatsankit Shah, the sole beneficiary. The transaction is exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The aggregate shareholding of the Promoter and Promoter Group remains unchanged post-transfer. A report under Regulation 10(7) has been filed with SEBI.
Key Highlights
- Promoter Vatsankit Shah acquired 8,45,906 equity shares of Global Surfaces.
- This represents a 2.00% stake, transferred from M/s Vatsankit Shah Trust.
- The transfer was an off-market inter-se transaction within the promoter group.
- It resulted from the dissolution of the trust and asset distribution to the beneficiary.
- Aggregate promoter group shareholding remains unchanged post-transfer.
Price Impact
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