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
Regulatory Risk6/10
Balance Sheet Risk4/10
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