GNG Electronics Ltd has disclosed a promoter share sale transaction executed to achieve Minimum Public Shareholding (MPS) compliance.
Key Transaction Details
- Seller: Vidhi S Khandelwal, Promoter of GNG Electronics Ltd
- Shares Sold: 44,87,203 equity shares
- Face Value: ₹2 per share
- Percentage of Paid-up Capital: 3.94%
- Transaction Date: June 11, 2026
Regulatory Framework
The sale was executed in accordance with:
- SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023
- SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
- Rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules 1957
- Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Shareholding Impact
- Previous Promoter Group Holding: 78.71% of paid-up equity share capital
- Current Promoter Group Holding: 74.77% of paid-up equity share capital
- Reduction: 3.94 percentage points
Compliance Status
With this transaction, the company has achieved the Minimum Public Shareholding requirements as mandated under the specified regulations.