The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Rajnikant Shah
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Ajay Rajnikant Shah, a non-promoter shareholder of Organic Coatings Ltd, has sold 24,325 equity shares (0.24% of total capital) through an off-market transaction on 25 September 2025. Prior to the sale, he held 6,38,352 shares (6.40%); after the sale, his holding stands at 6,14,027 shares (6.16%). The company's total equity share capital remains unchanged at 99,74,600 shares. The disclosure confirms no encumbrance, warrants, or convertible securities were involved.
This is a routine disclosure of a small off-market sale by a non-promoter individual shareholder. The reduction in holding is marginal (6.40% to 6.16%), so it is unlikely to have any meaningful impact on the stock price or control of the company.