Veteran investor Anil Kumar Goel has increased his shareholding in Sportking India Limited, crossing the 5% ownership threshold prescribed under Indian takeover regulations.
Between 11th and 13th February 2026, Goel and Persons Acting in Concert (PAC) acquired 54,000 equity shares through open market transactions. The purchase has taken their combined stake in the textile manufacturer to 5.04%, exceeding the disclosure threshold set out under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
As of July 2025, Goel’s holding in the company stood at approximately 2.99%. Market observers view the latest acquisition as an indication of his continued confidence in the company’s fundamentals and growth trajectory.
The company’s promoter group, led by Sobhagia Logistics Private Limited, currently holds a 24.03% stake.
Sportking India is a vertically integrated textile manufacturer engaged in the production of yarns, fabrics and garments. The company has reported improved financial performance in recent quarters. For the third quarter of FY ’26, it posted a 5.9% year-on-year increase in revenue to Rs 645.9 crore (US $ 71.21 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 10.8% to Rs 65.6 crore (US $ 7.23 million), while profit after tax (PAT) grew by 33.0% to Rs 24.6 crore (US $ 2.71 million).
The company is also pursuing expansion plans, including a Rs 1,000 crore (US $ 110 million) greenfield project aimed at enhancing its spinning capacity.
While Goel’s revised holding remains well below the 25% threshold that would ordinarily trigger a mandatory open offer under takeover regulations, analysts note that the increased stake may heighten investor attention on the company’s strategic direction and financial performance.
