The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nirmal V Shah
CHEMBONDCH · price
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Nirmal V. Shah, Promoter and Managing Director of Chembond Chemicals, received 3,77,440 equity shares (1.40% of total share capital) as an off-market gift from Sameer V. Shah, another Promoter and Director, on December 15, 2025. No consideration was paid — this was a transfer between promoters within the promoter group. As a result, Nirmal V. Shah's stake in the company increased from 13.63% (36,64,956 shares) to 15.03% (40,42,396 shares). The total share capital remains unchanged at 2,68,96,576 equity shares of Rs. 5 each. No shares are encumbered or pledged.
This is an internal reshuffle within the promoter family with no change in total promoter ownership or company fundamentals, so there is no material impact on the stock price. Investors may note increased promoter skin-in-the-game concentration in one individual, but no new money is being deployed and the float remains the same.