Glen Industries Ltd Promoter Group Stake Increases to 73.52% with Latest Acquisition

Glen Industries Ltd has announced that a member of its promoter group has made another significant acquisition of equity shares, further increasing the overall promoter shareholding. The latest transaction was disclosed to BSE Ltd under regulatory compliance requirements on March 30, 2026.

Recent Share Acquisition Activity

Lalit Agrawal (HUF), a member of the promoter group, has been actively acquiring equity shares from public shareholders. The company has now reported three separate transactions over recent days, showing consistent buying activity:

Parameter: Latest Transaction Previous Transaction Earlier Transaction Acquiring Entity: Lalit Agrawal (HUF) Lalit Agrawal (HUF) Lalit Agrawal (HUF) Number of Shares: 21,600 1,200 10,800 Transaction Value: Rs. 13,41,000.00 Rs. 78,000.00 Rs. 7,91,208.00 Price per Share: Rs. 62.08 Rs. 65.00 Rs. 73.26 Transaction Date: March 30, 2026 March 27, 2026 March 25, 2026

Updated Shareholding Pattern

The latest acquisition has resulted in a notable increase in the promoter group's stake in the company. The progressive shareholding pattern changes across the three transactions are detailed below:

Shareholding: Initial Position After First Acquisition After Second Acquisition After Latest Acquisition Promoter & Promoter Group: 73.37% 73.42% 73.43% 73.52% Cumulative Change: - +0.05% +0.06% +0.15%

All share acquisitions were executed at prevailing market prices from public shareholders of the company, representing a systematic increase in promoter ownership over the recent period. The latest transaction involved the largest number of shares among the three acquisitions.

Regulatory Compliance

Glen Industries Ltd has confirmed that all acquisitions maintain full compliance with regulatory requirements. The company has ensured adherence to minimum public shareholding requirements as prescribed under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The latest disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform stock exchanges about material events and corporate actions. Company Secretary and Compliance Officer Shikha Sureka signed the regulatory filing submitted to BSE Ltd for the March 30, 2026 transaction.

The company's shares trade on BSE under the symbol GLEN with ISIN code INE0UMC01019 in the equity series. Glen Industries Ltd, formerly Glen Industries Pvt. Ltd., is headquartered in Kolkata with CIN L21097WB2007PLC119239.

Glen Industries Limited has announced that a promoter group entity has completed another share acquisition, further increasing the overall promoter shareholding. The latest acquisition was completed on March 24, 2026, following previous transactions on March 18, March 19, March 20, and March 23, 2026, with the company informing the BSE about these developments in compliance with regulatory requirements.

Latest Share Acquisition Details

The most recent acquisition was carried out by Lalit Agrawal (HUF), which forms part of the promoter group of Glen Industries Limited. The transaction involved the purchase of shares from public shareholders at prevailing market rates.

Parameter: Details Acquiring Entity: Lalit Agrawal (HUF) Number of Shares: 13,200 equity shares Price per Share: Rs. 69.92 Total Value: Rs. 9,22,884.00 Acquisition Date: March 24, 2026

Previous Acquisition Transactions

Prior to this latest purchase, the same promoter group entity had acquired shares on four consecutive days, demonstrating continued investment in the company.

Transaction: March 23, 2026 March 20, 2026 March 19, 2026 March 18, 2026 Number of Shares: 21,600 equity shares 13,200 equity shares 30,000 equity shares 12,000 equity shares Price per Share: Rs. 67.46 Rs. 66.45 Rs. 65.42 Rs. 62.13 Total Value: Rs. 14,57,160.00 Rs. 8,77,200.00 Rs. 19,62,588.00 Rs. 7,45,584.00

Impact on Shareholding Pattern

The consecutive acquisitions have resulted in a gradual increase in the promoter group's stake in the company. The changes reflect the promoter group's continued confidence in the company's prospects.

Shareholding: Initial Position After First After Second After Third After Fourth After Latest Promoter & Promoter Group: 73.00% 73.05% 73.17% 73.23% 73.32% 73.37% Total Change: - +0.05% +0.17% +0.23% +0.32% +0.37%

Regulatory Compliance

Glen Industries Limited has confirmed that all acquisitions have been executed in full compliance with applicable regulations. The company has specifically mentioned adherence to minimum public shareholding requirements as prescribed under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The intimations were filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information that could impact investor decisions. Company Secretary and Compliance Officer Shikha Sureka signed the regulatory filings on behalf of Glen Industries Limited.

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