Promoters Ritesh Gupta and Vikas Gupta of Shri Gang Industries and Allied Products Limited sold 3,99,800 equity shares through off-market inter-se transfers between September 2025 and March 2026. Following these transactions, both promoters no longer hold direct equity stakes, while the promoter group's collective holding increased to 91,48,436 shares representing 41.18% of diluted share capital. The disclosure was filed under SEBI Takeover Regulations on April 01, 2026.

Shri Gang Industries Promoters Ritesh and Vikas Gupta Sell 3.99 Lakh Equity Shares

Shri Gang Industries and Allied Products Limited has disclosed the sale of equity shares by promoters Ritesh Gupta and Vikas Gupta under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, filed on April 01, 2026, details the off-market inter-se transfer of 3,99,800 equity shares of face value Rs. 10 each.

Share Sale Details

The promoters executed multiple transactions between September 2025 and March 2026:

Seller Number of Shares Date of Sale Ritesh Gupta 75,000 02.09.2025 Ritesh Gupta 1,35,000 18.12.2025 Ritesh Gupta 35,000 23.03.2026 Ritesh Gupta 24,800 27.03.2026 Vikas Gupta 1,05,000 23.03.2026 Vikas Gupta 25,000 30.03.2026 Total 3,99,800 -

Ritesh Gupta sold a total of 2,69,800 shares across four separate transactions, while Vikas Gupta disposed of 1,30,000 shares in two transactions. All sales were conducted through off-market inter-se transfers among promoters.

Shareholding Pattern Changes

Prior to these transactions, the promoters held significant stakes in the company:

Holder Category Before Sale (Shares) Before Sale (%) After Sale (Shares) After Sale (%) Ritesh Gupta 2,69,800 1.50% - - Vikas Gupta 1,30,000 0.73% - - PACs 59,35,505 33.10% 80,35,305 40.22% Total Group 63,35,305 35.33% 91,48,436 41.18%

Following the complete divestment of their direct holdings, both Ritesh Gupta and Vikas Gupta no longer hold any equity shares directly in the company. However, the promoter and promoter group (PACs) collectively maintain a substantial stake of 91,48,436 shares.

Company Capital Structure

The disclosure reveals changes in the company's capital structure during this period. The equity share capital increased from Rs. 17,93,00,000 divided into 1,79,30,000 equity shares to Rs. 19,98,00,000 divided into 1,99,80,000 equity shares of Rs. 10 each, indicating an allotment of 2,50,000 new equity shares on March 30, 2026.

The total diluted share capital stands at Rs. 22,21,75,060 divided into 2,22,17,506 securities, including 1,99,80,000 equity shares, 14,87,506 compulsorily convertible preference shares, and 7,50,000 fully convertible warrants.

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with March 30, 2026, being the last date for share sales triggering the disclosure requirement. The company's shares are listed on BSE Limited under scrip code 523309.

Shri Gang Industries and Allied Products Limited has completed the allotment of 2,50,000 equity shares through the conversion of Compulsorily Convertible Preference Shares (CCPS) to Express Infra Financial Consultancy Private Limited, a promoter group entity. The transaction was executed on March 30, 2026, following approval from the company's Preferential Issue Committee.

Share Conversion and Acquisition Details

The conversion involved 2,50,000 CCPS with a face value of Rs. 10.00 each, converted into an equal number of equity shares at Rs. 99.00 per share through preferential allotment on a private placement basis. Express Infra Financial Consultancy filed the mandatory disclosure under Regulation 29(2) of SEBI Takeover Regulations on April 01, 2026.

Transaction Details: Specifications CCPS Converted: 2,50,000 shares Face Value: Rs. 10.00 each Conversion Price: Rs. 99.00 each Allotment Date: March 30, 2026 Disclosure Date: April 01, 2026

Shareholding Pattern Changes

Following this acquisition, Express Infra Financial Consultancy's shareholding in Shri Gang Industries increased significantly. The entity's voting rights increased from 3.55% to 4.75% of the total share capital, while the overall promoter and promoter group holding rose to 40.21%.

Shareholding Pattern: Before Acquisition After Acquisition Express Infra Voting Rights: 3.55% (7,00,000 shares) 4.75% (9,50,000 shares) Other PACs Voting Rights: 35.91% (70,85,305 shares) 35.46% (70,85,305 shares) Total Promoter Group: 39.46% 40.21%

Impact on Capital Structure

The share conversion resulted in an expansion of Shri Gang Industries' equity base. The paid-up equity share capital increased from Rs. 19,73,00,000 to Rs. 19,98,00,000, with the total number of equity shares rising to 1,99,80,000 from 1,97,30,000.

Capital Structure: Post-Conversion Paid-up Equity Capital: Rs. 19,98,00,000 Total Equity Shares: 1,99,80,000 shares Total Diluted Capital: Rs. 22,21,75,060 Diluted Share Count: 2,22,17,506 shares

Promoter Group Structure

The disclosure revealed an extensive promoter and promoter group network comprising 16 entities acting in concert. Key members include Suraj Industries Limited, various members of the Gupta family, Universal Share Trading and Consultancy Company Ltd, and Almondz Global Securities Limited (formerly Allianz Securities Limited).

This transaction demonstrates the promoter group's continued commitment to increasing their equity participation in Shri Gang Industries while maintaining compliance with SEBI regulations and disclosure requirements.

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