The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetankumar Chhaganlal Vaghasia
ACUTAAS · price
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Chetankumar Chhaganlal Vaghasia, Promoter and Whole Time Director of Acutaas Chemicals Ltd, sold 13,48,921 equity shares (1.6476% of total share capital) on May 19, 2025, through an on-market block deal. His pre-transaction holding was 1,36,07,000 shares (16.6205%), which has now come down to 1,22,58,079 shares (14.9729%). The disclosure was filed under SEBI's Takeover Regulations, and the company's total equity capital stands at Rs. 40.93 crore comprising 8.18 crore shares of Rs. 5 face value. No encumbrance or pledge-related activity is mentioned in the filing.
This is a meaningful promoter offloading of over 1.6% stake in a single block deal, which could create short-term supply pressure on the stock and may dent retail investor sentiment. However, the promoter continues to hold nearly 15% of the company, so control remains unaffected.