Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC), a promoter of Gujarat Alkalies and Chemicals Limited, has acquired 2,70,500 equity shares of the company. The transaction, valued at ₹12,88,13,845.47, was executed on 19th March 2026.
The acquisition details were disclosed in a regulatory filing under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The purchase was made through the DP ID/Client ID N300079 111847183, and the total value includes all associated charges.
GNFC has committed to holding these equity shares for a minimum period of six months. Should there be an urgent need to sell these shares within this period, GNFC has stated that it will seek necessary approval from the Compliance Officer of Gujarat Alkalies and Chemicals Limited.
Furthermore, GNFC has undertaken to preserve relevant transaction documents, such as the broker’s contract note, proof of payment to or from brokers, and extracts of bank passbook or statement, for a period of three years. These documents will be produced to the Compliance Officer or SEBI if required.
The disclosure underscores GNFC’s adherence to the company’s code and applicable regulations, ensuring transparency in its dealings.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).