Gokul Refoils & Solvent Ltd reports promoter Bhikhiben Rajput buys 2,000 shares, stake 22.99%

What Gokul Refoils & Solvent Ltd announced

On 17 June 2026 the company filed a Regulation 29(2) disclosure with both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) to inform the market about a share acquisition made by its promoter, Bhikhiben Balvantsinh Rajput. The filing states that on 16 June 2026 the acquirer bought 2,000 equity shares of Gokul Refoils & Solvent Ltd in the open market. The transaction is modest in absolute terms but is material for regulatory reporting because it alters the promoter’s voting‑share percentage.

"The acquisition raises the promoter’s holding to 22.9916% of the diluted voting capital of the target company."

The disclosure also lists the persons acting in concert (PAC) with the acquirer – three members of the Rajput family and Profitline Securities Pvt. Ltd. – and confirms that the promoter group already belongs to the company’s promoter cohort.

Details of the share acquisition

• Acquirer: Bhikhiben Balvantsinh Rajput (address: 12 Ambica Nagar Soc, Opp. G.E.B., Sidhpur, Patan – 384151, Gujarat).
• PACs: Balvantsinh Chandansinh Rajput, Dharmendrasinh Rajput, Arjunsinh Rajput, and Profitline Securities Pvt. Ltd.
• Mode of acquisition: Open‑market purchase.
• Date of acquisition: 16 June 2026.
• Number of shares acquired: 2,000 shares, representing 0.0020% of the total share capital.
• Pre‑acquisition holding: 2,27,58,500 shares (22.9895% of total voting capital).
• Post‑acquisition holding: 2,27,60,500 shares (22.9916% of total voting capital).

The company’s equity share capital is unchanged at Rs 19.79 crore, divided into 9,89,95,000 equity shares of Rs 2 each. Consequently, the diluted share/voting capital after the transaction remains the same.

Shareholding before and after acquisition

The table shows that the promoter’s incremental purchase does not materially change the overall control dynamics, but it satisfies the reporting threshold under SEBI’s Substantial Acquisition of Shares & Takeovers (SAST) Regulations.

Key facts at a glance

Why this matters for investors

The filing is a compliance requirement under SEBI’s SAST framework, which mandates disclosure whenever a promoter or a person acting in concert crosses or approaches a prescribed shareholding threshold. Although the incremental purchase of 2,000 shares is numerically small, it pushes the promoter’s diluted voting percentage marginally higher, confirming that the promoter group remains within the 25% threshold that would trigger additional regulatory scrutiny such as a mandatory open‑offer. The disclosure also provides transparency about the composition of the promoter group and its PACs, which can be useful for investors assessing control risk and potential related‑party transactions.

From a capital‑structure perspective, the transaction does not affect the company’s paid‑up capital, share count, or share price directly, as the purchase was made on the open market at prevailing market rates. However, the public record of the acquisition adds to the audit trail of share‑ownership changes, which may be relevant for future corporate actions, voting outcomes, or takeover considerations.

Conclusion

Gokul Refoils & Solvent Ltd has formally reported that promoter Bhikhiben Balvantsinh Rajput bought an additional 2,000 shares on 16 June 2026, raising his diluted voting stake to 22.9916%. The acquisition was executed via open‑market purchase and was disclosed in compliance with SEBI Regulation 29(2) on 17 June 2026. No further approvals or actions are pending under the filing; the company’s share capital and overall ownership structure remain otherwise unchanged.