CLC Industries Limited has informed the Exchange regarding ' Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011'.
CLCIND · price
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Manjeet Cotton Private Limited, the promoter of CLC Industries Limited, sold 5,19,720 equity shares (5% of total equity) through an Offer for Sale (OFS) on 17th and 18th March 2026. Before the sale, the promoter held 98,74,928 shares (95% of the company), and after the sale, their holding stands reduced to 93,55,208 shares (90%). The total equity capital of CLC Industries remains unchanged at 1,03,94,680 shares. The disclosure was filed under SEBI (SAST) Regulations 29(2) and SEBI (PIT) Regulations. Despite the reduction, the promoter continues to hold a commanding 90% stake in the company.
A 5 percentage point reduction in promoter stake is a significant divestment, though the promoter remains the overwhelming majority shareholder at 90%. The OFS route typically broadens the public/institutional float, which could improve liquidity and free float over time, but the large size of the sale may create short-term supply pressure on the stock.