PG Electroplast: Promoter group increases stake via gift

PG Electroplast Limited [BSE: 533581] has disclosed an increase in the promoter group's stake via a gift transaction, according to a regulatory filing. Pranav Gupta, Aditya Gupta, Vatsal Gupta, Raghav Gupta, Shraddha Gupta and Vrinda Gupta, collectively known as “Acquirers”, along with Neelu Gupta, Sarika Gupta, Nitasha Gupta and Sudesh Gupta, intend to acquire 900,000 equity shares, representing 0.32% of the company's paid-up share capital, from existing promoter group members Anurag Gupta, Vishal Gupta, and Vikas Gupta. The transfer is structured as a gift between immediate relatives and qualifying persons, exempting it from triggering an open offer under SEBI regulations. The transaction is expected to occur on or after March 28, 2025.