Insider trading disclosure: indirect acquisition of 14.57% stake by Mehta Family Trust via inter-se transfer
Mehta Family Trust has indirectly acquired beneficial interest and voting rights over 1,62,15,400 shares (14.57%) held by Galaxy Technologies Pvt Ltd, via inter-se transfer under a SEBI exemption order.
By ScoutQuest · · 1 min read
- Shares Acquired (Indirect)
- 1,62,15,400 shares
- Percentage of Equity Capital
- 14.57%
- Mode of Transfer
- Inter-se transfer under SEBI exemption order dated 14 July 2026
- Transaction Date
- September 22, 2026
- Direct Holdings by Trust
- 100 equity shares
What was shared
Saurashtra Cement submitted disclosures under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, received from Mehta Family Trust (acquirer) and Mr. Jay Mehta (promoter / transferor / seller), routed through Galaxy Technologies Private Limited.
The transaction
- Galaxy Technologies Private Limited holds 1,62,15,400 equity shares, representing 14.57% of the equity share capital and voting rights.
- The indirect beneficial interest and corresponding voting rights in these shares now stand consolidated in favour of Mehta Family Trust.
- The shares continue to be registered in the name of Galaxy, an existing promoter group entity.
- Mode: inter-se transfer, by virtue of a SEBI exemption order dated 14 July 2026.
- Date of transaction: September 22, 2026; intimation to the company: September 24, 2026.
- The Trust also continues to hold 100 equity shares directly in the company.
Mr. Jay Mehta's position
His Form C shows 43,730 equity shares (0.04%) held before and the same 43,730 shares (0.04%) after, alongside voting rights over the 1,62,15,400 shares (14.57%) through Galaxy.
Effect on shareholding
The update states this is an internal reorganisation within the family. There is no change in the share capital, aggregate voting rights, or in the aggregate promoter and promoter group or public shareholding of the company.
Derivatives
No derivative transactions were reported in the disclosures.
How to read it
This is a housekeeping-style ownership disclosure inside the promoter family rather than a sale to or purchase from outside investors. The economic ownership of the company by the public remains as it was.
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22 Oct 2026
Board approves appointment of Anurag Tiwari as Managing Director – Designate, Senior Management Personnel
12 Oct 2026
Board approves Anurag Tiwari as Managing Director – Designate, effective 16 October 2026
12 Oct 2026
More numbers
- Shares under indirect acquisition1,62,15,400
- Stake represented14.57%
- Shares held directly by Trust100
- Jay Mehta shares held43,730
- Jay Mehta shareholding percentage0.04%
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