Amarnath Securities shares acquired by GX Ventures LLP, increasing stake to 5.48%

What Amarnath Securities announced

Amarnath Securities Ltd filed a disclosure with the Bombay Stock Exchange on 22 June 2026 under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that GX Ventures LLP, together with certain persons acting in concert (PACs), acquired additional equity shares of Amarnath Securities in the open market.

The acquisition involved 15,000 equity shares, which increased the combined holding of GX Ventures LLP and its PACs to a total of 164,400 shares. This represents a 5.48% stake in the total voting capital of Amarnath Securities after the transaction.

Details of the acquisition

Acquirers and persons acting in concert (PACs)

The acquirer is identified as GX Ventures LLP. The filing lists the following entities and individuals as persons acting in concert with the acquirer:

• GX Capital Pvt Ltd
• Novita Brands Pvt Ltd
• Pawan Jain (Designated Partner of GX Ventures LLP)
• Monika Jain

These parties are collectively treated as a single voting bloc for the purpose of the shareholding calculation.

Shareholding before and after the transaction

The total equity share capital of Amarnath Securities remained unchanged at INR 3,00,02,000, representing 30,00,200 equity shares. No convertible securities, warrants, or encumbrances were reported in connection with the acquisition.

Mode, date and pricing

The acquisition was carried out through an open‑market purchase, meaning the shares were bought from existing shareholders on the stock exchange rather than via a private placement, rights issue, or any other preferential allotment. The filing records the date of acquisition as 15 June 2026. No specific price per share is disclosed in the Regulation 29 filing.

Regulatory filing under SEBI Regulation 29(1)

Regulation 29(1) requires any person or group acquiring 1% or more of the voting rights of a listed company to disclose the acquisition to the stock exchange within two working days of the transaction. The purpose is to ensure transparency and allow the market to assess changes in control or influence over the target company.

Amarnath Securities complied with this requirement by submitting the disclosure to BSE on 22 June 2026, well within the stipulated timeframe. The filing includes a standard Part‑A form that details the acquirer, the PACs, the number of shares held before and after the acquisition, and the mode of acquisition.

Key facts at a glance

Why this matters for investors

The filing indicates a modest increase in the shareholding of GX Ventures LLP and its associated parties. Because the acquisition was made on the open market and did not involve any issuance of new shares, there is no immediate dilution of existing shareholders' equity. The total equity share capital of Amarnath Securities remains at INR 3,00,02,000, and the voting power of the acquirer is now 5.48%.

From a governance perspective, the increase crosses the 5% threshold, a level at which certain disclosure and compliance obligations become applicable under SEBI rules (e.g., filing of a shareholding pattern and potential trigger of additional takeover provisions if the stake rises further). However, the current holding does not constitute a controlling interest, and the filing does not suggest any intent to launch a takeover or to influence management decisions.

Investors can note that the transaction was executed at a time when the share price and market conditions are not disclosed in the filing, so the financial impact on the acquirer’s balance sheet cannot be assessed from this document alone.

Conclusion

Amarnath Securities has formally recorded an open‑market purchase of 15,000 shares by GX Ventures LLP and its PACs, raising their combined stake to 5.48% of the company's voting capital. The transaction was completed on 15 June 2026 and disclosed on 22 June 2026 in compliance with SEBI Regulation 29(1). No new shares were issued, and the company's capital structure remains unchanged. Future changes in shareholding, if any, will be subject to the same regulatory reporting requirements.