The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajiv Chandulal Darji & Other
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Promoter Rajiv Chandulal Darji has exited his entire 20.9% stake (52,84,286 shares) in KCD Industries India Ltd through an off-market transaction on August 12, 2025. The shares were acquired by a group of six non-promoter individuals acting in concert: Akash Tarunkumar Shah picked up 27,81,736 shares (11%), while five other buyers each took 5,00,510 shares (1.98% each). The buyers are not part of the promoter group, so this represents a complete change in ownership rather than a reorganisation among promoters. Total equity share capital of the company remains unchanged at 2,52,88,554 shares.
This is a significant promoter exit that effectively removes Rajiv Chandulal Darji from the company. The incoming shareholders, acting in concert, now collectively hold 20.9% of the company, meaning control dynamics at KCD Industries may shift. Shareholders should monitor whether the new holders are passive financial investors or plan strategic changes, and watch for any further disclosures as the new PAC group approaches regulatory thresholds.