The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sameer Vinod Shah
CHEMBOND · price
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Awaiting price reaction for this filing.
Promoter and Director Nirmal V. Shah has disclosed a gift (no consideration) of 19,27,024 equity shares (about 14.33% of the company) to his brother Sameer V. Shah, who is the Promoter and Managing Director. The shares were transferred off-market in two tranches on December 26 and December 29, 2025. Before the gift, Nirmal Shah held 19,27,207 shares (14.33%); after the gift he retains just 183 shares (0.001%). The same shares have moved into Sameer Shah's holdings, so the total promoter-group ownership of Chembond remains unchanged. The total share capital of the company stays at Rs. 6.72 crore (1,34,48,288 shares of Rs. 5 each).
This is a reshuffle within the promoter family rather than a change in promoter control, so shareholders should see no impact on overall promoter ownership or voting power. No cash changed hands, and the stock price is unlikely to be directly affected; it mainly signals how the founding family is redistributing shares among themselves.