Promoter Trust Reports Indirect Acquisition of 14.57% Voting Rights via Galaxy Technologies
Mehta Family Trust (promoter) bought 2,49,999 shares (49.99%) of Galaxy Technologies Pvt Ltd from Mr. Jay Mahendra Mehta on Sept 22, 2026.
By ScoutQuest · · 1 min read
- Acquisition Date
- September 22, 2026
- Shares Acquired
- 2,49,999 equity shares (49.99% of Galaxy Technologies Pvt Ltd)
- Indirect Voting Rights
- 1,62,15,400 shares = 14.57% voting rights through Galaxy
- Total Holding After Acquisition
- 1,62,15,500 shares
- Company Equity Capital
- INR 1,11,28,72,800 (11,12,87,280 equity shares of INR 10 each)
What was shared
Mehta Family Trust, part of the promoter group, made a disclosure under Regulation 29(2) of the SEBI Takeover Regulations.
The transaction
- The Trust acquired 2,49,999 equity shares, being 49.99% of Galaxy Technologies Private Limited, from Mr. Jay Mahendra Mehta on September 22, 2026.
- Galaxy holds 1,62,15,400 equity shares of Saurashtra Cement, being 14.57% of its equity and voting rights.
- Through Galaxy, the Trust indirectly acquired voting rights of 14.57%.
- The Trust also continues to hold 100 equity shares directly, and its total holding after the acquisition is shown as 1,62,15,500 shares.
Capital position
Equity/voting capital of the company before and after remains INR 1,11,28,72,800, consisting of 11,12,87,280 equity shares of INR 10 each.
Basis and effect
- Carried out under the SEBI exemption order dated July 14, 2026.
- The shares stay registered in Galaxy's name, an existing promoter group entity, while beneficial interest and voting rights consolidate with the Trust.
- Described as an internal reorganisation within the Mehta family, with no change in control or management, and no change in aggregate promoter/promoter group or public shareholding.
How investors may read it
This is a shareholding-structure disclosure within the promoter family rather than a business or operational development.
Also from Saurashtra Cement
Board meeting on 4 November 2026 to consider and approve Q2 and half year un-audited results
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
- Galaxy shares acquired by Trust2,49,999 equity shares
- Stake acquired in Galaxy49.99%
- Shares of target held by Galaxy1,62,15,400
- Indirect voting rights acquired14.57%
- Direct shares held by Trust100
- Total holding after acquisition1,62,15,500
- Equity share capital of companyINR 1,11,28,72,800
- Total equity shares of company11,12,87,280
- Face value per shareINR 10
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.