DISCLOSURE U/R 29(1) OF SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL ACQUISITION OF SHARES AND TAKEOVERS) REGULATION, 2011 W.R.T THE PURCHASE OF SHARES
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KCD Industries India Ltd filed a SEBI Regulation 29(1) disclosure on behalf of six non-promoter acquirers who bought shares from the company's promoter through off-market transactions on August 12, 2025. A total of 52,84,286 shares (roughly 20.9% of the company's 2,52,88,554 equity shares) changed hands. The largest buyer was Akash Tarunkumar Shah, who acquired 27,81,736 shares (about 11% of share capital), while the other five buyers — Sarojben Nareshkumar Shah, Mona Rajesh Doshi, Tvisha Rajesh Doshi, Alka Mukesh Shah, and Tapankumar Jayantibhai Jogani — each purchased 5,00,510 shares (about 1.98% each). None of the acquirers belong to the promoter/promoter group, confirming the shares came from the existing promoter's holdings.
This signals a significant reduction in promoter holding by roughly 21% of total equity, which could change the company's control profile and may weigh on stock sentiment. Existing shareholders should track further disclosures to understand the new ownership structure and whether this is part of a larger promoter exit.