The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sameer Shah
CHEMBOND · price
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Sameer V. Shah, Promoter and Managing Director of Chembond Material Technologies, received 19,27,024 equity shares as a gift (no consideration) from his brother Nirmal V. Shah, also a promoter and Non-Executive Director. The shares were transferred off-market in two tranches on December 26 (3,22,390 shares) and December 29, 2025 (16,04,634 shares). This lifted Sameer Shah's individual holding from 12.69% (17,06,144 shares) to 27.02% (36,33,168 shares). Total share capital of the company remains unchanged at 1,34,48,288 shares. No encumbrance or cash transaction is involved — it is an internal reshuffle within the promoter group.
This is a non-cash, intra-family transfer among promoters, so the overall promoter group ownership does not change and there is no direct impact on the stock price. Shareholders should note that Sameer Shah has individually crossed the 25% shareholding threshold, which is a notable governance signal even though the transfer likely qualifies for inter-se promoter exemption from open offer requirements.