
Shareholding24 Sept 2026, 09:56 pm
Mehta Family Trust Acquires 14.57% Stake in Saurashtra Cement Indirectly
AI Summary
Saurashtra Cement Limited has received a disclosure regarding an indirect acquisition by Mehta Family Trust. The Trust acquired 49.99% of Galaxy Technologies Private Limited, which holds 14.57% of Saurashtra Cement's voting rights. This acquisition, totaling 1,62,15,400 shares, was part of an internal family reorganization and does not alter the company's control or promoter shareholding. The transaction was undertaken pursuant to an exemption order from SEBI.
Key Highlights
- Mehta Family Trust indirectly acquired 14.57% voting rights in Saurashtra Cement.
- Acquisition was through 49.99% stake in Galaxy Technologies Private Limited.
- Transaction is part of an internal Mehta family reorganization.
- No change in control or promoter shareholding reported.
- Acquisition completed on September 22, 2026.
Price Impact
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