The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurang R Shah HUF & PACs
KOTYARK · price
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Gaurang R Shah HUF, part of the promoter group of Kotyark Industries Ltd, sold 1,10,648 equity shares (1.08% of paid-up capital) through an open market transaction on March 25, 2026. The HUF's holding dropped from 4,50,000 shares (4.41%) to 3,39,352 shares (3.39%) after this sale. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011, along with 17 other persons acting in concert (PACs) including individual promoters and promoter-owned entities. Total promoter group holding remains dominant, with main promoter Mr. Gaurang Rameshchandra Shah alone holding over 50% of the company.
This is a moderate open-market selloff by one entity within the promoter group, reducing the HUF's stake by about 1 percentage point. Main promoter Mr. Gaurang R Shah's individual stake (50.26%) remains unchanged, so overall promoter control of the company is intact. Investors should monitor if further sales follow from the promoter group.