Enbee Trade & Finance discloses Meyhul Gaala’s 0.61% share acquisition
The company filed a Regulation 29(2) notice showing the promoter bought 42.69 lakh shares in open market on 4‑5 June 2026, bringing its holding to 5.30 crore shares (7.60% of total).
What Enbee Trade & Finance announced
Enbee Trade & Finance Limited (BSE: 512441) filed a disclosure on 30 June 2026 with the Bombay Stock Exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing relates to a share‑holding change by Meyhul Gaala, identified as a promoter of the company. The notice confirms that the promoter acquired a block of equity shares in the open market during the period 4 June 2026 to 5 June 2026.
Details of the share transaction
- Pre‑transaction holding: Before the acquisition, Meyhul Gaala held 5,73,00,100 shares, equivalent to 8.21 % of Enbee Trade & Finance’s total equity share capital.
- Shares acquired: The promoter purchased 42,69,050 shares, representing 0.61 % of the total share base.
- Post‑transaction holding: After the purchase, the promoter’s stake stood at 5,30,31,050 shares, or 7.60 % of the company’s equity.
- Total equity share capital: The company’s equity share capital remained unchanged at 697,286,312 shares both before and after the transaction.
- Mode of acquisition: The shares were bought on the open market; no off‑market agreements, warrants, convertible securities, or pledged shares were involved.
- Date of acquisition: The share purchase took place between 04 June 2026 and 05 June 2026, with the filing date recorded as 08 June 2026 in the annexure.
Regulatory filing under SEBI Regulation 29(2)
Regulation 29(2) requires any person or entity that acquires more than 1 % of the voting share capital of a listed company, or whose holding changes by 1 % or more, to disclose the transaction to the stock exchange within a prescribed time‑frame. Although the promoter’s net change (‑0.61 %) is below the 1 % threshold, the filing appears to be a voluntary disclosure to maintain transparency, as the promoter’s holding remained above the 5 % trigger level for mandatory reporting.
The notice is signed by the Managing Director of Enbee Trade & Finance and includes the Director Identification Number (DIN) 07138963. No additional commentary on the rationale for the purchase or future plans was provided in the filing.
Key facts at a glance
| Detail | Value |
|---|---|
| Company | Enbee Trade & Finance Ltd |
| BSE Scrip Code | 512441 |
| Filing date | 30 June 2026 |
| Regulation invoked | SEBI Regulation 29(2) (SAST) |
| Acquirer / promoter | Meyhul Gaala |
| Shares held before | 5,73,00,100 (8.21 %) |
| Shares acquired | 42,69,050 (0.61 %) |
| Shares held after | 5,30,31,050 (7.60 %) |
| Total equity share capital | 697,286,312 shares |
| Mode of acquisition | Open market |
| Acquisition dates | 04‑05 June 2026 |
Why this matters for investors
The disclosure provides investors with a clear view of the promoter’s current stake in Enbee Trade & Finance. A promoter’s shareholding is often monitored as an indicator of confidence in the company’s prospects. In this case, the promoter’s holding decreased from 8.21 % to 7.60 % after the transaction, reflecting a modest reduction in influence but still keeping the stake above the 5 % threshold that triggers certain regulatory obligations. Because the transaction was executed on the open market, it did not involve any preferential pricing, convertible instruments, or dilution of existing shareholders. The company’s authorized and issued share capital remains unchanged, meaning there is no immediate impact on the capital structure.
Investors should note that the filing does not disclose the price paid for the shares, nor does it provide any forward‑looking statements about future share purchases or disposals by the promoter. Consequently, the material impact is limited to the change in shareholding percentage and the associated regulatory transparency.
Conclusion
Enbee Trade & Finance Ltd has formally reported that promoter Meyhul Gaala bought 42.69 lakh shares in an open‑market transaction on 4‑5 June 2026, reducing its overall stake to 7.60 % of the company’s 697.29 million share capital. The filing satisfies SEBI’s Regulation 29(2) requirements and offers investors an updated view of promoter ownership. No further corporate actions or approvals are pending as a result of this disclosure.
"The filing confirms the promoter’s post‑transaction holding at 7.60 % of total equity share capital."
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