Promoter disclosures on indirect acquisition of 14.57% voting rights by Mehta Family Trust under SEBI exemption order
Mehta Family Trust has indirectly acquired voting rights over 1,62,15,400 shares (14.57%) of the company, held via promoter entity Galaxy Technologies, under a SEBI exemption order dated 14 July 2026.
By ScoutQuest · · 1 min read
- Voting Rights Acquired
- 1,62,15,400 shares (14.57%)
- Acquirer Entity
- Mehta Family Trust (via Galaxy Technologies Private Limited)
- Transfer Date
- September 22, 2026
- SEBI Exemption Order Date
- July 14, 2026
- Shareholding Impact
- No change in aggregate promoter or public shareholding
What was shared
The company shared disclosures received from Mehta Family Trust (Acquirer) and Mr. Jay Mehta (Promoter/Transferor) relating to an indirect acquisition of voting rights in Saurashtra Cement.
The transaction
- Mehta Family Trust indirectly acquired voting rights over 1,62,15,400 equity shares, representing 14.57% of the equity share capital and voting rights.
- These shares continue to be registered in the name of Galaxy Technologies Private Limited, an existing promoter group entity, while the beneficial interest and voting rights stand consolidated in favour of the Trust.
- The Trust also continues to hold 100 equity shares directly.
- Mr. Jay Mehta holds 43,730 shares (0.04%) directly, unchanged before and after.
- Mode is recorded as inter-se transfer, dated September 22, 2026, intimated to the company on September 24, 2026.
Regulatory basis
The acquisition was undertaken pursuant to a SEBI exemption order dated July 14, 2026 (reference WTM/KCV/CFD/06/2026-27), passed on an application seeking exemption from Regulation 3(2) read with Regulation 5 of the SAST Regulations, 2011.
Shareholding context
- Issued and paid-up capital: INR 1,11,28,72,800, divided into 11,12,87,280 equity shares of INR 10 each.
- Total promoter and promoter group holding (quarter ended March 2026): 7,41,40,412 shares or 66.62%.
- Public shareholding: 3,71,46,868 shares or 33.38%.
- Omna Enterprises LLP holds 1,05,22,431 shares (9.46%).
How to read it
The update states this is an internal reorganisation within the family, with no change in the share capital, aggregate voting rights, or aggregate promoter group and public shareholding of the company. No fresh money flows into the company from this.
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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 Mehta Family Trust100
- Jay Mehta direct holding43,730
- Jay Mehta holding percent0.04%
- Issued and paid-up share capitalINR 1,11,28,72,800/-
- Total equity shares11,12,87,280
- Face value per shareINR 10/-
- Total promoter shareholding7,41,40,412
- Promoter shareholding percent66.62
- Public shareholding3,71,46,868
- Omna Enterprises LLP holding1,05,22,431
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