The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Shah
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Awaiting price reaction for this filing.
Ajay R. Shah, a non-promoter individual shareholder of Organic Coatings Ltd, sold 80,000 equity shares (0.80% of total share capital) through an off-market transaction on 25 September 2025. His holding in the company reduced from 6,14,027 shares (6.16%) to 5,34,027 shares (5.35%). The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which is mandatory for shareholders holding more than 5% to report every change in their shareholding. No encumbrance (pledge/lien) was created or released as part of this transaction.
This is a routine off-market sale by a non-promoter shareholder and is unlikely to materially impact the stock price. The seller continues to hold 5.35% post-sale, so there is no significant shift in control or ownership structure.