Date: September 24, 2026
Ownership & Market Activity Disclosure
Transaction Details
- Jay Mahendra Mehta transferred 2,49,999 equity shares (49.99% of equity share capital) of Galaxy Technologies Private Limited to Mehta Family Trust on September 22, 2026
- This constitutes an indirect acquisition by Mehta Family Trust of voting rights in Saurashtra Cement Limited through Galaxy Technologies
- Galaxy Technologies holds 1,62,15,400 equity shares in Saurashtra Cement Limited, representing 14.57% of its equity share capital and voting rights
- The transaction was executed pursuant to SEBI exemption order dated July 14, 2026 (Reference No: WTM/KCV/CFD/06/2026-27)
Shareholding Changes
Before Transaction (Jay Mahendra Mehta):
- Direct holding: 43,730 equity shares (0.04% of total capital)
- No shares under encumbrance (pledge/lien/non-disposal undertaking)
- No voting rights otherwise than by equity shares
- No warrants/convertible securities
- Total holding: 43,730 shares (0.04%)
After Transaction:
- Jay Mahendra Mehta retains direct holding: 43,730 equity shares (0.04%)
- Mehta Family Trust acquires indirect voting rights: 1,62,15,400 shares (14.57%)
- Combined holding: 1,62,59,130 shares (14.61%)
Capital Structure Impact
- Equity share capital remains unchanged at INR 1,11,28,72,800 (Rupees One Hundred and Eleven Crore Twenty Eight Lakhs Seventy Two Thousand Eight Hundred Only)
- Total number of equity shares: 11,12,87,280 (Eleven Crore Twelve Lakh Eighty Seven Thousand Two Hundred and Eighty) shares of INR 10 each
- No change in diluted share/voting capital
- No change in aggregate promoter and promoter group shareholding
- No change in public shareholding