Date: 24-09-2026
Acquisition Details
Mehta Family Trust, with Mr. Jay Mehta and Juhi Chawla as Trustees, indirectly acquired voting rights in Saurashtra Cement Limited representing 14.57% of the voting rights in the company. This acquisition occurred through the purchase of 2,49,999 equity shares (representing 49.99% of equity share capital) of Galaxy Technologies Private Limited from Mr. Jay Mahendra Mehta on September 22, 2026.
Shareholding Impact
Before the acquisition, Mehta Family Trust held 100 equity shares (0.00% voting rights) directly in Saurashtra Cement Limited.
After the indirect acquisition through Galaxy Technologies, the trust now holds:
- Indirect voting rights: 1,62,15,400 shares (14.57% of total voting capital)
- Direct holding: 100 shares (0.00% of total voting capital)
- Total voting rights: 14.57%
Galaxy Technologies Private Limited holds 1,62,15,400 equity shares in Saurashtra Cement Limited, representing 14.57% of its equity share capital and voting rights.
Capital Structure
The equity share capital of Saurashtra Cement Limited remains unchanged at INR 1,11,28,72,800 (Rupees One Hundred and Eleven Crore Twenty Eight Lakhs and Seventy Two Thousand Eight Hundred Only) consisting of 11,12,87,280 (Eleven Crore Twelve Lakh Eighty-Seven Thousand Two Hundred and Eighty Only) Equity Shares of INR 10 (Rupees Ten) each.
Transaction Details
- Mode of acquisition: Indirect acquisition pursuant to internal reorganization within Mehta family
- Date of acquisition: September 22, 2026
- SEBI Regulation: Compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Governance
The acquisition does not result in any change in control or management of Saurashtra Cement Limited, as recorded in the SEBI Exemption Order. The aggregate promoter and promoter group shareholding and public shareholding remain unchanged.