The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhavesh Dadhia & PACs
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Mr. Bhavesh Dadhia, along with his Persons Acting in Concert (Yogesh Dadhia, Neha Dadhia, Urmila Dadhia, and Hirmesh Dadhia), has submitted a revised disclosure to BSE under SEBI's Takeover Regulations regarding the sale of 1,63,800 equity shares (9.47% of share capital) of Synthiko Foils Ltd. The shares were sold through an off-market Share Purchase Agreement dated May 2, 2025, with the actual transaction completed on August 21, 2025. Before the sale, the promoter group held 9.41% (1,63,800 shares); after the sale, their holding is Nil, meaning the promoter group has fully exited Synthiko Foils Ltd. The filing is a correction to an earlier disclosure that had a discrepancy in the date of sale, as flagged by the exchange on March 6, 2026.
The promoter group of Synthiko Foils Ltd has completely exited the company, transferring their entire 9.47% stake (1.63 lakh shares) to an off-market buyer. For shareholders of Synthiko Foils, this represents a change in the promoter base; the identity of the acquirer and any further consequences would depend on who purchased the shares. This filing does not directly concern Belding India Ltd beyond being the acquirer/related party in the Share Purchase Agreement.