BSEInsider Trading / SAST25 Aug 2026 · 25 Aug 2026, 05:29 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, stating that Siddharth Jain and others have acquired 3,29,55,000 shares, increasing their holding to 43.4802%.

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Earnings Impact2/10
Growth Catalyst2/10
Governance Concern5/10
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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 for acquisition of Shares. Kindly take the same on record and oblige. Thanking you, Yours faithfully Siddharth 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 Mr. Siddharth Jain Persons Acting in Concert (PAC) with Mr. Pavan Kumar Jain Ms. Ishita Jain the acquirer Ms. Nayantara Jain M/s INOX Chemicals LLP M/s Siddho Mal Trading LLP Whether the acquirer belongs to Yes, the acquirer is promoter of the TC. Promoter/Promoter group Name(s) of the Stock Exchange(s) BSE Limited where the shares of TC are Listed National Stock Exchange of India Limited Details of the acquisition / disposal Number % w.r.t. % w.r.t. as follows total share/ total voting diluted capital share wherever /voting applicable (*) capital of the TC (**) Before the acquisition/ inter-se transfer under consideration, holding a) Shares carrying voting rights 1,48,07,953 13.4802% 13.4802% b) Shares in the nature of encumbrance (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) 1,48,07,953 13.4802% 13.4802% Details of acquisition/sale 3,29,55,000 30.00% 30.00% a) Shares carrying voting rights 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) 3,29,55,000 30.00% 30.00% After the acquisition/sale, holding of: a) Shares carrying voting rights 4,77,62,953 43.4802% 43.4802% 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 4,77,62,953 43.4802% 43.4802% e) Total (a+b+c+d) Mode of acquisition / sale (e.g. open Inter-se transfer market / off-market/ public issue / rights issue / preferential allotment / inter-se transfer etc). Date of acquisition / sale of shares / 24/08/2026 VR or date of receipt of intimation of allotment of shares, whichever is applicable Equity share capital / total voting Rs. 10,98,00,000 capital of the TC before the said acquisition / sale Equity share capital/ total voting Rs. 10,98,00,000 capital of the TC after the said acquisition / sale Total diluted share/voting capital of Rs. 10,98,00,000 the TC after the said acquisition Siddharth Jain Encl.: A/a Place: Mumbai