BSEInsider Trading / SAST25 Aug 2026 · 25 Aug 2026, 05:30 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddharth Jain & Others
GFL Ltd · 500173
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GFL Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Siddharth Jain and others, indicating a potential change in control of the company.
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Earnings Impact5/10
Growth Catalyst3/10
Governance Concern8/10
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Liquidity Impact7/10
Market Sentiment5/10
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GFL Ltd - 500173 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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25/08/2026
GFL Limited
7th Floor, Ceejay House, Dr. Annie Besant Road,
Worli, Mumbai – 400 018.
Dear Sir/Madam,
Sub: Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of
Share and Takeover) Regulations, 2011.
Ref.: Target Company – GFL Limited (ISIN No.: INE538A01037)
Pursuant to Regulation 29 (2) of the SEBI (Substantial Acquisition of Share and Takeovers)
Regulations 2011, please find enclosed herewith the disclosure by the Promoter(s) for transfer
of Shares of the Target Company.
Kindly take the same on record and oblige.
Thanking you,
Yours faithfully
Pavan Kumar Jain
Encl: A/a
1. BSE Limited, 2. National Stock Exchange of India Limited,
Corporate Relationship Department, Exchange Plaza, Bandra Kurla Complex
First Floor, New Trading Ring, Bandra (E), Mumbai - 400 051.
Rotunda Building, P. J. Towers,
Dalal Street, Mumbai – 400 001
Disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011
Name of the Target Company (TC) GFL Limited
Name(s) of the acquirer and Persons Mr. Siddharth Jain
Acting in Concert (PAC) with the acquirer Mr. Pavan Kumar Jain
Ms. Ishita Jain
Ms. Nayantara Jain
M/s INOX Chemicals LLP
M/s Siddho Mal Trading LLP
Whether the acquirer belongs to Yes. Acquirer is promoter of the TC prior to the transaction.
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where BSE Limited
the shares of TC are Listed National Stock Exchange of India Limited
Details of the acquisition / disposal as Number % w.r.t. total % w.r.t. total
follows share/ voting diluted share
capital /voting
wherever capital of the
applicable (*) TC (**)
Before the acquisition/ inter-se transfer
under consideration, holding of:
a) Shares carrying voting rights
b) Shares in the nature of encumbrance 4,63,08,012 42.16% 42.16%
(pledge/ lien/ non-disposal
undertaking/ others)
c) Voting rights (VR) otherwise than by
shares
d) Warrants/convertible securities/ any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d)
Details of acquisition/sale
a) Shares carrying voting rights 3,29,55,000 30.00% 30.00%
acquired/sold
b) VRs acquired /sold otherwise than
by shares
c) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
acquired/sold
d) Shares encumbered /
invoked/released by the acquirer
e) Total (a+b+c+d)
After the acquisition/sale, holding of:
a) Shares carrying voting rights 1,33,53,012 12.16% 12.16%
b) Shares encumbered with the
acquirer
c) VRs otherwise than by shares
d) Warrants/convertible securities/ any
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category) after
acquisition
e) Total (a+b+c+d)
Mode of acquisition / sale (e.g. open
market / off-market/ public issue / rights off-market
issue / preferential allotment / inter-se
transfer etc).
Date of acquisition / sale of shares / VR
or date of receipt of intimation of 24/08/2026
allotment of shares, whichever is
applicable
Equity share capital / total voting capital
of the TC before the said acquisition / Rs. 10,98,00,000
sale
Equity share capital/ total voting capital
of the TC after the said acquisition / sale Rs. 10,98,00,000
Total diluted share/voting capital of the
TC after the said acquisition Rs. 10,98,00,000
Pavan Kumar Jain
Encl.: A/a
Place: Mumbai