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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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