Mehta Family Trust Acquires 14.57% Voting Rights in Saurashtra Cement Indirectly
Mehta Family Trust indirectly acquired 14.57% voting rights in Saurashtra Cement Limited by purchasing 49.99% of Galaxy Technologies Private Limited. The acquisition occurred on September 22, 2026, under SEBI exemption. This is an internal reorganization with no change in control or promoter shareholding.
The transaction is an internal reorganization within the promoter group and does not alter the control or overall shareholding structure of the company, thus having a low impact on the company's market position or operations.
The announcement pertains to an indirect acquisition of voting rights as part of an internal family reorganization, with no change in control or overall promoter shareholding. Therefore, the sentiment is neutral.
Mehta Family Trust, through its trustees Mr. Jay Mehta and Juhi Chawla, has indirectly acquired voting rights representing 14.57% of the equity share capital in Saurashtra Cement Limited. This acquisition follows the purchase of 2,49,999 equity shares, constituting 49.99% of Galaxy Technologies Private Limited, from Mr. Jay Mahendra Mehta on September 22, 2026.
The acquisition was made under an exemption granted by the Securities and Exchange Board of India (SEBI) on July 14, 2026. This transaction is part of an internal reorganization within the Mehta family and does not alter the issued share capital, public shareholding, or aggregate shareholding of the promoter and promoter group in Saurashtra Cement Limited.
As per the SEBI exemption order, there is no change in the control or management of Saurashtra Cement Limited. The disclosure is made in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. 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. The Mehta Family Trust also directly holds 100 equity shares in the company.
What to do with a filing like this
Saurashtra Cement Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Saurashtra Cement Limited. Read the original for the full detail.