The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nikhil D Sadarangani
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Nikhil D. Sadarangani, a non-promoter individual, has purchased 75,000 equity shares (0.75%) of Organic Coatings Ltd through an off-market transaction on September 24, 2025. His holding has increased from 1,096,750 shares (11%) to 1,171,750 shares (11.75%) of the company's paid-up capital. The total equity share capital of the company stands at 9,974,600 shares, and no encumbrance or pledge is involved. The disclosure was filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
This is a non-promoter, non-FII individual buyer adding to an already substantial 11%+ stake via off-market route, which may indicate a strategic interest or block deal negotiation. Shareholders should watch for further disclosures as crossing 10% triggers SAST monitoring, and any move toward the 25% open-offer threshold would be significant.