The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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On the reaction day the stock moved 1.0 pts more than Nifty Smallcap 250 and 0.9 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Siddhartha Ashok Sikchi has informed the exchanges about a proposed acquisition of 26,00,000 equity shares (2.45% of share capital) from fellow promoter Ashok Rammnarayan Boob by way of a gift, with the transaction expected on or after 26 November 2025. No monetary consideration is involved, as the transfer is by execution of a Gift Deed and qualifies as an inter-se transfer among promoters under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. Post-transaction, Siddhartha's stake will rise from 2.96% to 5.41%, while Ashok's stake will fall from 5.90% to 3.45%; the aggregate promoter group holding remains unchanged. The stated rationale is to streamline the family's assets and businesses.
This is a neutral event for shareholders — it is an internal reshuffle among promoters with no change in total promoter ownership and no cash outflow. The stock is unlikely to see any material price reaction since no new promoter is pledging, selling, or buying from the open market.