The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vasudeva Commercials Ltd
IOLCP · price
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Vasudeva Commercials Ltd, a non-promoter shareholder of IOL Chemicals & Pharmaceuticals, has filed a SAST disclosure reporting an off-market transfer of 1,15,78,195 equity shares (3.94% of share capital) to Synthorix Trading Ltd. The transfer happened on 17 October 2025 pursuant to a scheme of demerger between Vasudeva Commercials (Demerged Company) and Synthorix Trading (Resulting Company), which was sanctioned by the NCLT Chandigarh Bench on 25 September 2025. As a result, Vasudeva Commercials' holding has dropped from 7.94% (2,33,19,295 shares) to 4.00% (1,17,41,100 shares). Total share capital of IOL Chemicals remains unchanged at Rs. 58.70 crore (29,35,27,510 shares).
This is an internal restructuring move (demerger-driven transfer) and not a market sale, so direct impact on share price is limited. However, Vasudeva Commercials has fallen below the 5% SAST disclosure threshold, meaning they will no longer need to file ongoing disclosures. The shares have moved to Synthorix Trading Ltd, another non-promoter entity.