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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Promoter and Managing Director Nirmal V. Shah received 29,39,017 equity shares of Chembond Chemicals as a gift from fellow Promoter and Director Sameer V. Shah on 26 December 2025 through an off-market transaction with no consideration. Nirmal V. Shah's holding jumped from 40,42,396 shares (15.03%) to 69,81,413 shares (25.96%) of the company. Sameer V. Shah's holding fell to just 3,88,657 shares (1.44%) from the previous ~12.37%, having transferred out ~10.93% of equity. Total share capital stayed unchanged at Rs. 13.44 crore (2,68,96,576 shares of Rs. 5 each), and no encumbrance or pledge was involved. The filing was made under Regulation 29(2) of the SEBI Takeover Regulations with the disclosure submitted to BSE and NSE on 30 December 2025.
This is an internal promoter-family reshuffle via gift with no cash involved, so it has no direct effect on the company's capital, operations, or the stock price. Retail shareholders are unaffected; the only change is a consolidation of voting power in Nirmal V. Shah's name within the promoter group.