BSEInsider Trading / SAST2d ago · 18 Aug 2026, 11:12 am
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
GFL Ltd · 500173
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GFL Ltd, a company listed on the BSE, has received a disclosure under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding an acquisition by promoter Siddharth Jain. The acquisition is exempt from making an open offer as it is a transfer amongst immediate relatives. The acquisition price is nil, and the transfer is by way of gift. The acquirer has declared compliance with applicable disclosure requirements.
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GFL Ltd - 500173 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition
under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
1. Name of the Target Company (TC) GFL Limited
2. Name of the acquirer(s) Mr. Siddharth Jain
3. Whether the acquirer(s) is/ are promoters of the TC Yes. Acquirer is promoter of the TC prior to the
prior to the transaction. If not, nature of transaction.
relationship or association with the TC or its
promoters
4. Details of the proposed acquisition
a. Name of the person(s) from whom shares are Mr. Pavan Jain
to be acquired
b. Proposed date of acquisition 24/08/2026
c. Number of shares to be acquired from each 3,29,55,000
person mentioned in 4(a) above
d. Total shares to be acquired as % of share 30.00%
capital of TC
e. Price at which shares are proposed to be Nil
acquired
Inter se transfer of shares amongst promoters
(immediate relatives) as gift. There is no
consideration involved.
f. Rationale, if any, for the proposed transfer Gift between immediate relative.
5. Relevant sub-clause of regulation 10(1)(a) under Regulation 10(1)(a) (i) – Transfer amongst
which the acquirer is exempted from making open immediate relatives.
offer
6. If, frequently traded, volume weighted average Not Applicable, as the shares are proposed to
market price for a period of 60 trading days be transferred by way of gift, no consideration
preceding the date of issuance of this notice as involved.
traded on the stock exchange where the maximum
volume of trading in the shares of the TC are
recorded during such period.
7. If in-frequently traded, the price as determined in Not Applicable, as the shares are proposed to be
terms of clause (e) of sub-regulation (2) of transferred by way of gift, no consideration
regulation 8. involved.
8. Declaration by the acquirer, that the acquisition I declare that the acquisition price would not be
price would not be higher by more than 25% of the higher by more than 25% of the price
price computed in point 6 or point 7 as computed in point 6 above.
applicable.
9. Declaration by the acquirer, that the transferor and I declare that we, the transferor and the
transferee have complied / will comply with transferee, have complied / will comply with
applicable disclosure requirements in Chapter V of applicable disclosure requirements in Chapter V
the Takeover Regulations, 2011 (corresponding of the Takeover Regulations, 2011
provisions of the repealed Takeover Regulations
1997)
10. Declaration by the acquirer that all the conditions I declare that all the conditions specified under
specified under regulation 10(1)(a) with respect to regulation 10(1)(a) with respect to exemptions
exemptions has been duly complied with. has been duly complied with.
11. Shareholding details Before the After the
proposed proposed
transaction transaction
No. of % w.r.t No. of % w.r.t
shares total shares total
/voting share /voting share
rights capital of rights capital
TC of TC
a Acquirer(s) and PACs (*) Annexure I Annexure II
b Seller (s) 4,63,08,012 42.16% 1,33,53,012 12.16%
Siddharth Jain
Acquirer
Date: 17/08/2026
Place: Mumbai
Encl: As Above
Annexure I
Sr. No. Before the acquisition Acquirer(s) and PACs
Name of the Promoter No. of Shares % w.r.t total share
capital of TC
1 Pavan Kumar Jain (Transferor) 4,63,08,012 42.1557%
2 Siddharth Jain (Acquirer) 1,48,07,953 13.4802%
3 Siddharth Jain Jointly with Ishita Jain 20,000 0.0182%
4 Nayantara Jain 93,62,056 8.5226%
5 INOX Chemicals LLP 15,00,000 1.3655%
6 INOX Chemicals LLP 14,55,230 1.3247%
7 Siddho Mal Trading LLP 10,19,260 0.9279%
8 Siddho Mal Trading LLP 10,00,000 0.9103%
9 Ishita Jain Jointly with Siddharth Jain 20,100 0.0183%
Total 7,54,92,611 68.7234%
Annexure II
Sr. No. After the acquisition Acquirer(s) and PACs
Name of the Promoter No. of Shares % w.r.t total share
capital of TC
1 Pavan Kumar Jain (Transferor) 1,33,53,012 12.1557%
2 Siddharth Jain (Acquirer) 4,77,62,953 43.4802%
3 Siddharth Jain Jointly with Ishita Jain 20,000 0.0182%
4 Nayantara Jain 93,62,056 8.5226%
5 INOX Chemicals LLP 15,00,000 1.3655%
6 INOX Chemicals LLP 14,55,230 1.3247%
7 Siddho Mal Trading LLP 10,19,260 0.9279%
8 Siddho Mal Trading LLP 10,00,000 0.9103%
9 Ishita Jain Jointly with Siddharth Jain 20,100 0.0183%
Total 7,54,92,611 68.7234%