The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chemicarb Pvt Ltd
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Chemicarb Private Limited, a non-promoter entity, has sold its entire 9.77% stake (20,00,000 shares) in Groarc Industries India Limited through an off-market transaction on April 21, 2025. Before the sale, Chemicarb held 20,00,000 equity shares representing 9.77% of the company's share capital. After the transaction, its holding stands at NIL, indicating a complete exit from the company. The total equity share capital of Groarc Industries remains at 2,04,66,529 shares of Rs. 10 each. The buyer of these shares has not been disclosed in this filing.
The identity of the new acquirer and the price of the off-market deal are not revealed here, which may create short-term uncertainty for retail investors. Investors should watch for any further disclosures about who bought this 9.77% block, as it could indicate a potential change in shareholding pattern or possible creeping acquisition activity.