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  3. Girish Gulati (HUF) Reduces Stake in Kalyani Cast
ipo services in India
India IPO
  • 23 Mar 2026
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 Girish Gulati (HUF) Reduces Stake in Kalyani Cast

Girish Gulati (HUF) disclosed the sale of 3,750 shares in Kalyani Cast-Tech Ltd through open market transaction on March 20, 2026, reducing their shareholding from 5.05% to 4.99%. The disclosure was made under SEBI SAST Regulation 29(2), which requires notification when shareholding falls below the 5% threshold. The entity is not part of the promoter group, and the transaction brings their total holding to 3,58,500 shares out of the company's total equity capital of 71,80,500 shares.

Girish Gulati (HUF) Reduces Stake in Kalyani Cast

Girish Gulati (HUF) has disclosed the sale of equity shares in Kalyani Cast-Tech Ltd under SEBI SAST Regulations, reducing their shareholding below the significant 5% threshold. The disclosure was made on March 20, 2026, in compliance with regulatory requirements for substantial shareholding changes.

Transaction Details

The share disposal transaction involved specific parameters that brought the entity's holding below the regulatory threshold:

Parameter: Details Shares Sold: 3,750 Transaction Mode: Open Market Transaction Date: March 20, 2026 Sale Percentage: 0.05%

Shareholding Changes

The transaction resulted in a reduction of Girish Gulati (HUF)'s stake in Kalyani Cast-Tech Ltd, moving their position below the 5% disclosure threshold:

Holding Period: Number of Shares Percentage Holding Before Sale: 3,62,250 5.05% After Sale: 3,58,500 4.99% Change: (3,750) (0.05%)

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates disclosure when shareholding in a listed company falls below 5%. Key compliance aspects include:

Entity Status: Girish Gulati (HUF) is not part of the promoter or promoter group

Listing Exchange: Kalyani Cast-Tech Ltd shares are listed on BSE

Company Share Capital: The total equity share capital remains unchanged at 71,80,500 shares

Disclosure Requirement: Mandatory filing when crossing the 5% threshold

Company Information

Kalyani Cast-Tech Ltd, with company code 544024, has its registered office at B-144, 2nd Floor, DDA Shed, Okhla Industrial Area, Phase-1, Delhi-110020. The company's total diluted share capital stands at 71,80,500 shares, with no change reported following this transaction.

The disclosure document was submitted to BSE Ltd and the company secretary of Kalyani Cast-Tech Ltd, fulfilling the regulatory notification requirements for substantial shareholding changes.

Kalyani Cast Tech Limited has announced a strategic partnership with Innovation Thru Energy Limited, a Japanese technology company, to jointly develop and market innovative refrigeration containers. The memorandum of understanding was executed on February 11, 2026, marking a significant expansion into advanced cooling technology solutions.

Partnership Details

The collaboration establishes a joint alliance between Kalyani Cast Tech Limited and Innovation Thru Energy Co. Ltd. for the comprehensive development of ISO IceBattery Refer Containers. Innovation Thru Energy brings patented refrigeration technology based on the IceBattery system to the partnership.

Parameter Details Partner Company Innovation Thru Energy Co. Ltd. Agreement Date February 11, 2026 Technology Focus ISO IceBattery Refer Containers Market Scope Domestic and Global Business Activities Development, Manufacturing, Sale and Marketing

Strategic Objectives

The partnership is designed to enhance Kalyani Cast Tech's business operations in refer containers while expanding its product offerings. The collaboration targets both domestic and international markets, positioning the company to capitalize on growing demand for advanced refrigeration solutions.

Key aspects of the alliance include:

Joint development of IceBattery technology applications

Manufacturing capabilities for ISO standard containers

Coordinated sales and marketing efforts

Access to patented refrigeration technology

Regulatory Compliance

The company has disclosed the partnership under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agreement does not involve any shareholding arrangements between the parties, nor does it constitute a related party transaction.

Compliance Aspect Status Related Party Transaction No Shareholding Involvement Not Applicable Special Rights Not Applicable Share Issuance No

Market Implications

This strategic alliance represents Kalyani Cast Tech's entry into advanced refrigeration technology, potentially opening new revenue streams in the specialized container market. The partnership with a Japanese technology holder provides access to established intellectual property and manufacturing expertise in the IceBattery system.

The collaboration is expected to support the company's growth objectives in both domestic and international markets, leveraging Innovation Thru Energy's patented technology platform for commercial applications.

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