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, sold 70,634 equity shares (0.71% of the company's total share capital) on 31 December 2025 through an off-market transaction. Before the sale, he held 74,393 shares (0.75%), and after the sale his holding reduced to just 3,759 shares (0.04%). The disclosure was filed to BSE under the SEBI Takeover Regulations in the prescribed format. The seller is explicitly not part of the promoter or promoter group, and no encumbrance or pledge details are involved.
This is a minor off-market sale by a non-promoter individual shareholder, reducing his stake to a negligible 0.04%. The transaction is unlikely to have any meaningful impact on the stock price or shareholder composition, as it involves a very small percentage of shares from a non-promoter holder.