Gokul Refoils & Solvent Ltd reports 19,000‑share open‑market acquisition by Bhikhiben Rajput

What Gokul Refoils & Solvent Ltd announced

On 15 June 2026, Gokul Refoils & Solvent Ltd submitted a disclosure to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records an open‑market purchase of 19,000 equity shares of the company by Bhikhiben Balvantsinh Rajput, who is also a promoter of the firm. The acquisition was executed on 12 June 2026 and was reported to the exchanges on 16 June 2026.

Details of the acquisition

• Acquirer: Bhikhiben Balvantsinh Rajput (address: 12 Ambica Nagar Soc, Opp. G.E.B., Sidhpur, Patan – 384151, Gujarat).
• Persons Acting in Concert (PAC): Balvantsinh Chandansinh Rajput, Dharmendrasinh Rajput, Arjunsinh Rajput, and Profitline Securities Pvt. Ltd.
• Mode of acquisition: Open market purchase.
• Date of acquisition: 12 June 2026.
• Number of shares acquired: 19,000 shares, representing 0.0192% of the total share capital.
• Share price: Not disclosed in the filing; the filing only states the number of shares and the percentage impact.

Shareholding impact

Before the transaction, Bhikhiben Rajput held 2,27,31,600 shares, equivalent to 22.9624% of Gokul Refoils’ total share capital. After acquiring the additional 19,000 shares, his holding increased to 2,27,50,600 shares, or 22.9816% of the company’s equity.

The PACs retained their existing holdings:

• Balvantsinh Chandansinh Rajput – 2,43,79,262 shares (24.63%).
• Dharmendrasinh Rajput – 82,15,579 shares (8.30%).
• Arjunsinh Rajput – 17,24,431 shares (1.74%).
• Profitline Securities Pvt. Ltd. – share count not itemised in the excerpt but listed as a PAC.

The total equity share capital of Gokul Refoils remains Rs 19.79 crore, divided into 9,89,95,000 equity shares of Rs 2 each. The diluted share capital, which assumes full conversion of any convertible securities, is unchanged.

Key facts at a glance

Why this matters for investors

The filing confirms that a promoter‑linked individual has marginally increased his equity stake in Gokul Refoils. Because the acquisition was executed in the open market and involved a very small number of shares (19,000), the immediate impact on the company’s control structure is limited. However, the disclosure satisfies SEBI’s transparency requirements, ensuring that existing shareholders are aware of any change in promoter holdings that could affect voting dynamics.

For investors, the key considerations are:

• No dilution: The transaction did not involve issuance of new shares; therefore, existing shareholders’ proportional ownership remains unchanged.
• Regulatory compliance: By filing under Regulation 29(2), the company demonstrates adherence to takeover rules, which can be viewed positively from a governance standpoint.
• Promoter concentration: The promoter group’s aggregate holding (including PACs) stays above 50% of the voting capital, indicating continued control by the Rajput family and associated entities.

Conclusion

Gokul Refoils & Solvent Ltd has formally recorded an open‑market purchase of 19,000 shares by promoter Bhikhiben Balvantsinh Rajput on 12 June 2026. The acquisition raises his direct holding to 22.98% of the company’s equity, while the overall share capital and diluted capital remain unchanged. The filing satisfies SEBI’s disclosure obligations, and no further approvals or actions are indicated in the document.

The transaction was disclosed under SEBI Regulation 29(2) on 15 June 2026 and filed with the exchanges on 16 June 2026.