
Global Surfaces: Vatsankit Shah acquires 2.00% shares from Promoter Trust
Vatsankit Shah acquired 8,45,906 equity shares, representing 2.00% of Global Surfaces Ltd.'s paid-up equity capital, from M/s. Vatsankit Shah Trust on March 20, 2026. This off-market inter-se transfer among persons belonging to the Promoter Group is exempt under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer occurred as the trust dissolved upon Vatsankit Shah attaining majority, with assets, including these shares, transferring to him as the sole beneficiary. Both the transferor trust and the acquirer are part of the Promoter Group, ensuring the aggregate shareholding of the Promoter and Promoter Group remains unchanged before and after the transaction. All necessary regulatory filings, including prior intimation and post-acquisition reports, have been completed.
Key Highlights
- Vatsankit Shah acquired 2.00% equity shares of Global Surfaces Ltd.
- The shares were transferred from M/s. Vatsankit Shah Trust.
- It is an off-market inter-se transfer within the Promoter Group.
- The transaction is exempt under SEBI SAST Regulations.
- The Promoter Group's aggregate shareholding remains unchanged.
Price Impact
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