This is a regulatory disclosure submitted to the BSE and NSE concerning the ongoing divestment of GPIL's stake in its associate company, Jammu Pigments Limited (JPL).
The disclosure provides an update on a transaction that was initially approved by the company's board on July 24, 2026. The board had approved the partial divestment of 1,675,000 equity shares held by GPIL in JPL. The shares were to be sold to the promoters of JPL and/or their relatives or affiliates at a fair value of ₹298.45 per share, for a total aggregate consideration of ₹49.99 crores.
GPIL informs that it has completed a third tranche of this divestment. On November 3, 2026, the company transferred 367,200 equity shares of JPL. The consideration received for this specific tranche of shares was ₹10.95 crores.
This transaction follows two previous disclosures made on July 29, 2026, and October 14, 2026, regarding the transfer of 774,000 and 335,100 equity shares, respectively.
Following the conclusion of this third tranche, GPIL's shareholding in JPL has been reduced from 38.27% to 36.38%.
The disclosure is made in compliance with SEBI Listing Regulations.