Gokul Refoils & Solvent Ltd reports 7,900‑share acquisition by Bhikhiben Rajput, raising his stake to 22.99%

What Gokul Refoils & Solvent Ltd announced

On 16 June 2026 the company filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing informs the stock exchanges that Bhikhiben Balvantsinh Rajput – together with a group of persons acting in concert (PAC) – has acquired additional equity shares of Gokul Refoils & Solvent Ltd (the Target Company) on 15 June 2026. The acquisition was executed in the open market and is recorded as a material change in shareholding that must be reported to the regulator and the exchanges.

Details of the acquisition

• Acquirer: Bhikhiben Balvantsinh Rajput, residing at 12 Ambica Nagar Soc, Opp. G.E.B., Sidhpur, Patan – 384151, Gujarat.
• Mode of acquisition: Open‑market purchase.
• Date of acquisition: 15 June 2026.
• Number of shares acquired: 7,900 equity shares, each carrying voting rights.
• Percentage of total share capital: 0.0080% of the total equity share capital (9,89,95,000 shares).
• Impact on acquirer’s holding: The stake increased from 2,27,50,600 shares (22.9816%) to 2,27,58,500 shares (22.9895%).

"The acquisition of 7,900 shares brings the acquirer’s total voting‑right shares to 2,27,58,500, representing 22.9895% of the company’s equity capital." – Disclosure under Regulation 29(2)

Shareholding before and after the transaction

The total equity share capital of Gokul Refoils & Solvent Ltd remains unchanged at Rs 19,79,90,000, divided into 9,89,95,000 equity shares of Rs 2 each. No new shares were issued, and there were no encumbrances, warrants, or convertible securities involved in this particular transaction.

Regulatory filing and compliance

The disclosure was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under the mandatory Regulation 29(2) requirement, which mandates that any person acquiring more than 1% of a listed company's voting rights, or any subsequent acquisition that changes the shareholding pattern, must be reported. Although the additional 7,900 shares represent a marginal 0.008% increase, the filing is required because the acquirer already belongs to the promoter group and the cumulative holding remains above the 1% threshold.

Key points from the filing:

• The acquirer is part of the promoter group, as indicated in the disclosure.
• The PACs listed are all members of the same family group, reinforcing the consolidated nature of the promoter’s control.
• No change in the company’s capital structure, voting rights, or convertible instruments was reported.
• The filing date recorded by the exchanges is 17 June 2026 04:51:57 UTC.

Key facts at a glance

Why this matters for investors

The filing confirms that the promoter group continues to consolidate its control over Gokul Refoils & Solvent Ltd. While the incremental purchase of 7,900 shares is numerically small, it marginally raises the lead promoter’s voting power from 22.9816% to 22.9895%. For shareholders, the key implications are:

• No dilution: The transaction did not involve issuance of new shares; existing shareholders’ proportional ownership remains unchanged.
• Transparency: The regulator‑mandated disclosure ensures that the market is aware of any changes in promoter holdings, supporting corporate governance standards.
• Stability of control: The unchanged PAC holdings indicate that the promoter group’s overall influence remains stable, which may be relevant for decisions that require a certain voting threshold.
• Regulatory compliance: By filing promptly, the company demonstrates adherence to SEBI’s takeover regulations, reducing the risk of regulatory penalties.

Investors should note that the filing does not disclose any intention to launch a broader share purchase programme, nor does it indicate any change in the company’s operational or financial outlook.

Conclusion

Gokul Refoils & Solvent Ltd disclosed that Bhikhiben Balvantsinh Rajput acquired an additional 7,900 shares on 15 June 2026, raising his total holding to 22.9895% of the company’s equity. The acquisition was executed in the open market and reported under SEBI Regulation 29(2). No new shares were issued, and the overall shareholding pattern of the promoter group remains largely unchanged. The filing satisfies regulatory requirements and provides investors with a clear view of the promoter’s current stake.

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FAQs

1. What was the size of the share acquisition? The acquirer purchased 7,900 equity shares, representing 0.0080% of Gokul Refoils & Solvent Ltd’s total share capital.

2. How did the acquisition affect Bhikhiben Rajput’s stake? His holding increased from 2,27,50,600 shares (22.9816%) to 2,27,58,500 shares (22.9895%) of the company’s equity.

3. Who are the persons acting in concert (PAC) with the acquirer? The PACs listed are Balvantsinh Chandansinh Rajput, Dharmendrasinh Rajput, Arjunsinh Rajput and Profitline Securities Pvt. Ltd.

4. Was the acquisition made through the open market or another method? The filing specifies that the acquisition was carried out in the open market on 15 June 2026.

5. Did the transaction alter the company’s capital structure? No. The total equity share capital remained at 9,89,95,000 shares (Rs 19,79,90,000), and no new shares were issued.

6. Are any regulatory approvals pending for this acquisition? The filing is a compliance disclosure under SEBI Regulation 29(2); no further approvals are mentioned as required for this open‑market purchase.