IOL Chemicals and Pharmaceuticals Limited has informed the Exchange regarding 'Disclosure under SEBI (Prohibition of Insider Trading Regulation), 2015'.
IOLCP · price
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Mayadevi Polycot Limited, a Promoter Group entity of IOL Chemicals and Pharmaceuticals, bought 6,54,123 equity shares on the market on 17 March 2026. This increased the entity's holding from 6,32,37,010 shares (21.54%) to 6,38,91,133 shares (21.76%) of the company. The transaction was carried out on-market by the promoter group, signalling continued promoter confidence. The disclosure was filed under insider trading regulations to maintain transparency on promoter share dealings.
Promoter group buying shares on-market is generally viewed as a positive signal of insider confidence in the company's prospects. The increase in stake is modest (about 0.22 percentage points) and unlikely to materially shift stock price, but reinforces promoter commitment.