Date: 24-09-2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
Not Specified
Board Meeting Outcomes
Not Specified
Financial Results
Not Specified
Auditor’s Report
Not Specified
Disinvestment / Strategic Actions
Not Specified
Other Operational / Legal / Strategic Disclosures
Ownership Change Disclosure
Disclosure made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 regarding an inter-se transfer of shares.
Transaction Details
- Acquirer: Mehta Family Trust
- Transferor/Seller: Mr. Jay Mehta (Promoter) through Galaxy Technologies Private Limited
- Target Company: Saurashtra Cement Limited
- Number of Shares Transferred: 1,62,15,400 equity shares
- Percentage of Shareholding: 14.57% of equity share capital and voting rights
- Transaction Type: Inter-se Transfer
- Effective Date of Acquisition: September 22, 2026
- Date of Intimation to Company: September 24, 2026
- Mode of Acquisition: Internal reorganization within the family by virtue of SEBI order
- Consideration: Not Applicable (N.A.)
Post-Transaction Holding Structure
- Mehta Family Trust: Holds 100 equity shares directly and indirect beneficial interest in 1,62,15,400 shares (14.57%)
- Mr. Jay Mehta: Continues to hold 43,730 equity shares (0.04%) directly
- Galaxy Technologies Private Limited: Continues to hold 1,62,15,400 equity shares (14.57%) as the registered owner
Impact Assessment
As disclosed in the filing: "There is no change in the share capital or aggregate voting rights, or in the aggregate promoter and promoter group or public shareholding, of the Target Company."