BSEInsider Trading / SAST25 Aug 2026 · 25 Aug 2026, 05:27 pm
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddharth Jain & Others
GFL Ltd · 500173
✦ AI SummaryRelated Party
GFL Ltd has received a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, regarding the acquisition of 3,29,55,000 equity shares by Mr. Siddharth Jain, representing 30.00% of the total issued and paid-up equity share capital of GFL Ltd.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern6/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
GFL Ltd - 500173 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
Attachments (1)
📄pdf
Download →
18341B2B_AEA0_4D9B_B743_EF737DFE6D34_172725.pdf
View document text
Date: 25/08/2026
BSE Limited National Stock Exchange of India Limited,
Corporate Relationship Department Exchange Plaza, Bandra Kurla Complex
Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai - 400 051.
Dalal Street, Fort, Mumbai 400 001.
Sub: Disclosure under Regulation 29(1) the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Dear Sir / Madam,
Please find enclosed the disclosure under Regulation 29(1) of the Securities and Exchange Board of
India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with respect to the
acquisition of 3,29,55,000 Equity shares having face value of Re. 1 each of GFL Limited (GFL)
representing 30.00% of the total issued and paid-up equity share capital of GFL Limited by Mr.
Siddharth Jain (Acquirer).
We request you to take this on record and acknowledge receipt of the same.
Thanking you,
Yours faithfully,
Mr. Siddharth Jain
(Acquirer)
Format for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
Part-A - Details of the Acquisition
Name of the Target Company (TC) GFL Limited
Name(s) of the acquirer and Persons Mr. Siddharth Jain
Ms. Ishita Jain
Acting in Concert (PAC) with the
Mr. Pavan Kumar Jain
acquirer
Ms. Nayantara Jain
M/s INOX Chemicals LLP
M/s Siddho Mal Trading LLP
Whether the acquirer belongs to Promoter
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 as follows Number % w.r.t.total % w.r.t. total
share/votin diluted
g capital share/voting
wherever capital of the
applicable (*) TC(**)
Before the acquisition under
consideration, holding of acquirer
along with PACs of:
1,48,07,953 13.4802% 13.4802%
a) Shares carrying voting rights
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 TC (specify
holding in each category)
e) Total (a+b+c+d)
Details of acquisition
3,29,55,000 30.00% 30.00%
a) Shares carrying voting rights
- - -
acquired
- - -
b) VRs acquired otherwise than by
equity 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
d) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
e) Total (a+b+c+/-d)
3,29,55,000
30.00%
30.00%
After the acquisition, holding of
acquirer along with PACs of:
4,77,62,953 43.4802% 43.4802%
a) Shares carrying voting rights
b) VRs otherwise than by equity
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) after acquisition
d) Shares in the nature of
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
4,77,62,953 43.4802% 43.4802%
e) Total (a+b+c+d)
Mode of acquisition (e.g. open market / Inter-se transfer
public issue / rights issue / preferential
allotment / inter-se transfer /
encumbrance, etc.)
Salient features of the securities
acquired including time till redemption, Not Applicable
ratio at which it can be converted into
equity shares, etc.
Date of acquisition of / date of receipt of 24-08-2026
intimation of allotment of shares / VR/
warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares in the TC.
Equity share capital / total voting capital Rs. 10,98,00,000
of the TC before the said acquisition
Equity share capital/ total voting capital Rs. 10,98,00,000
of the TC after the said acquisition
Total diluted share/voting capital of the Rs. 10,98,00,000
TC after the said acquisition