Company Disclosure: Share Purchase Agreement
Key Transaction Details
A Share Purchase Agreement was executed on 16 September 2026 between:
Sellers (Promoters and Promoter Group):
- Mr. Santkumar Bagrodia
- Ms. Shailja Bagrodia
- Mr. Kumaar Bagrodia
- Shree Kumar Mangalam Traders Private Limited
- Mangalam Exim Private Limited
- Nalini Stock Brokers Private Limited
Acquirers:
- Mr. Shrikant Mitesh Bhangdiya
- Ms. Aarti Shrikant Bhangdiya
- Ms. Sonal Kirtikumar Bhangdiya
Transaction Terms
The acquirers have agreed to purchase up to 1,907,600 equity shares of the company, representing 44.62% of the voting share capital. The purchase price is ₹42 per equity share, resulting in a total consideration of ₹8,01,19,200 (Eight Crore One Lakh Nineteen Thousand Two Hundred Rupees).
Share Allocation Among Acquirers
- Mr. Shrikant Mitesh Bhangdiya: 341,700 shares (7.99%)
- Ms. Aarti Shrikant Bhangdiya: 341,700 shares (7.99%)
- Ms. Sonal Kirtikumar Bhangdiya: 341,700 shares (7.99%)
Management and Control Impact
The acquisition will result in the acquirer gaining control over the company. Upon completion of the transaction, the board of the company will be reconstituted to include the acquirer's directors.
Relationship Disclosure
The sellers are the promoters and promoter group of the company. The acquirers are not related to the company in any capacity except through this transaction.
Additional Information
The disclosure references SEBI Master Circular dated 30 January 2026, bearing reference no. SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026. The intimation is available on both the company's website (www.gslsecurities.com) and the BSE website (www.bseindia.com).